Free-market US Dollar (USD/IRR) Records Third Consecutive Daily Decline
On August 17, 2026, the Free-market US Dollar (USD/IRR) closed at 1,865,000 IRR, marking its third consecutive daily decline. The session saw the rate trade...
Market Summary
On August 17, 2026, the Free-market US Dollar (USD/IRR) closed at 1,865,000 IRR, marking its third consecutive daily decline. The session saw the rate trade within a range of 15,400 IRR, opening at 1,868,000 IRR and reaching a high of 1,868,200 IRR before falling to a low of 1,852,800 IRR.
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Interactive price chart
Market Analysis
The Free-market US Dollar experienced a modest decline in the latest session, closing 3,000 IRR lower than its opening price. This extends a recent period of weakness, with the USD/IRR recording three consecutive days of losses. The current closing price of 1,865,000 IRR places it below its 20-day Simple Moving Average (SMA20) of 1,888,342.5 IRR, indicating short-term bearish pressure. However, the rate remains above its 50-day SMA (1,841,163.0 IRR) and 200-day SMA (1,690,858.7 IRR), suggesting that the broader trend remains bullish. The instrument is currently trading approximately 4.37% below its 52-week high, while being significantly above its 52-week low. Key levels to watch include the identified support at 1,846,800 IRR and resistance at 1,945,200 IRR.
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Technical Highlights
Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) stands at 48.25, hovering near the neutral 50 level and suggesting balanced to slightly negative momentum. The Moving Average Convergence Divergence (MACD) shows a bearish signal, with its line below the signal line and a negative histogram value of -7,644.15. The Average Directional Index (ADX) at 18.63 indicates a lack of strong trend strength, while the Minus Directional Indicator (+DI) is above the Plus Directional Indicator (-DI), reinforcing recent downward pressure. Conflicting trend signals are observed from other indicators; the Supertrend indicator points to an upward trend with a direction of 1.0 and a value of 1,846,125.78, while the Parabolic SAR (PSAR) indicates a downward trend with a direction of -1.0 and a value of 1,910,696.30.
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Conclusion
The Free-market US Dollar (USD/IRR) has experienced three consecutive days of declines, placing it below its short-term moving average but maintaining its position above longer-term averages. While some technical indicators suggest a bearish momentum, others present conflicting trend signals, and overall trend strength appears weak. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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