Free-market US Dollar (USD/IRR) Rises for Second Consecutive Day

Market Summary

The Free-market US Dollar (USD/IRR) closed higher on August 11, 2026, marking its second consecutive day of gains. The currency pair opened the session at IRR 1,852,100 and reached a high of IRR 1,880,200 before settling at IRR 1,878,000. The session's low was recorded at IRR 1,851,800.

Market Analysis

The Free-market US Dollar experienced an upward movement during the latest trading session, closing above its opening price. This follows a previous day's gain, resulting in two consecutive days of price appreciation. The session's trading range was notably wide, spanning from IRR 1,851,800 to IRR 1,880,200.

Despite the recent upward momentum, the current closing price of IRR 1,878,000 remains below the 20-day Simple Moving Average (SMA) of IRR 1,894,507. However, the price continues to trade above both its 50-day SMA at IRR 1,824,806 and its 200-day SMA at IRR 1,684,678, which supports the overall "Bullish" trend indicated by the market structure. The 30-day volatility stands at approximately 1.33%. Key support is identified at IRR 1,846,800, while resistance is observed at IRR 1,945,200.

Technical Highlights

1. Overall Trend: The market structure indicates a "Bullish" trend, reinforced by the price trading above its longer-term 50-day and 200-day Simple Moving Averages.
2. Short-Term Momentum (RSI): The 14-period Relative Strength Index (RSI) is at 51.34, suggesting neutral to slightly positive momentum.
3. Moving Averages: While the Free-market US Dollar closed below its 20-day SMA, it maintained its position above the 50-day and 200-day SMAs, suggesting a short-term pullback within a broader upward trajectory.
4. MACD: The Moving Average Convergence Divergence (MACD) line is currently below its signal line, with a negative histogram, which typically signals short-term bearish momentum.
5. Aroon Indicator: The Aroon Up indicator is significantly higher at 95.83 compared to Aroon Down at 8.33, with an Aroon Oscillator of 87.50, reinforcing the presence of a strong underlying bullish trend.

Conclusion

The Free-market US Dollar (USD/IRR) recorded a second consecutive daily gain, closing at IRR 1,878,000. While the overall trend remains bullish, supported by the price trading above its 50-day and 200-day SMAs, short-term indicators like the MACD suggest some bearish momentum. 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.