Free-market US Dollar (USD/IRR) Sees Daily Decline Amidst Bullish Trend
On August 5, 2026, the Free-market US Dollar (USD/IRR) concluded the trading session lower, marking a daily decline. The pair opened at 1,890,000 IRR and clo...
Market Summary
On August 5, 2026, the Free-market US Dollar (USD/IRR) concluded the trading session lower, marking a daily decline. The pair opened at 1,890,000 IRR and closed at 1,880,000 IRR, representing a decrease of 10,000 IRR. This movement occurred within an established bullish trend, following a single day of decline.
Interactive price chart
Market Analysis
The Free-market US Dollar (USD/IRR) traded within a range of 25,400 IRR during the August 5 session, reaching a high of 1,892,200 IRR and a low of 1,866,800 IRR. The closing price of 1,880,000 IRR was below both the opening price and the session's high, indicating a pullback. This marks the first day of decline following the previous session's gain. Despite the daily retreat, the overall market structure for USD/IRR remains bullish. The current price is approximately 3.6% below its 52-week high of 1,950,200 IRR, which also serves as a resistance level. Support is identified at 1,795,800 IRR. Volatility over the past 30 days stands at 1.40%.
Technical Highlights
The Free-market US Dollar (USD/IRR) closed below its 20-day Simple Moving Average (SMA20) of 1,899,397.5 IRR, suggesting a short-term weakening. However, the price remains above its 50-day SMA (1,786,686 IRR) and 200-day SMA (1,613,894.7 IRR), which supports the broader bullish trend.
Momentum indicators show mixed signals. The 14-period Relative Strength Index (RSI) is at 52.20, indicating moderately positive momentum without being in overbought territory. Conversely, the Moving Average Convergence Divergence (MACD) histogram is negative at -6,902.12, with the MACD line positioned below its signal line, suggesting a recent shift towards bearish momentum.
The Aroon Oscillator, at -41.67, further supports this, with Aroon Down at 100 and Aroon Up at 58.33, indicating a recent low and a potential shift in short-term directional strength. Despite these short-term signals, the Supertrend and Parabolic SAR (PSAR) indicators both maintain a bullish stance, with the current price above their respective levels of 1,838,901 IRR and 1,859,175 IRR.
Conclusion
The Free-market US Dollar (USD/IRR) experienced a daily decline on August 5, closing lower for the session. While short-term momentum indicators suggest a weakening or a shift towards bearish sentiment, the broader market trend remains bullish, supported by the price holding above key longer-term moving averages and trend-following indicators like Supertrend and PSAR. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
Track the latest Free-market US Dollar (USD/IRR) session on Iran Market Data.