Free-market US Dollar (USD/IRR) Extends Gains, Nearing Resistance
The Free-market US Dollar (USD/IRR) closed higher on August 22, 2026, marking its fourth consecutive day of gains. The pair opened the session at 1,905,000 I...
Market Summary
The Free-market US Dollar (USD/IRR) closed higher on August 22, 2026, marking its fourth consecutive day of gains. The pair opened the session at 1,905,000 IRR, reached an intraday high of 1,929,200 IRR, and settled at 1,927,000 IRR. This performance indicates a strong close for the session, with the final price near the daily high.
Interactive price chart
Market Analysis
The USD/IRR pair continued its upward trajectory, closing at 1,927,000 IRR on August 22. The session's trading range spanned 30,400 IRR, from a low of 1,898,800 IRR to a high of 1,929,200 IRR. The current price level places the USD/IRR above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing bullish trend. The pair is currently 1.19% below its 52-week high, while remaining significantly above its 52-week low by 61.91%. Identified resistance for the pair stands at 1,945,200 IRR, with support noted at 1,846,800 IRR.
Technical Highlights
The overall market structure indicates a bullish trend, with the Free-market US Dollar trading above its key moving averages, including the 20-day SMA at 1,888,097.5 IRR and the 50-day SMA at 1,859,141.0 IRR. Momentum indicators reflect positive sentiment; the 14-period Relative Strength Index (RSI) is at 63.14, indicating moderately positive momentum without being in overbought territory. Further supporting the upward momentum, the Moving Average Convergence Divergence (MACD) shows its line above the signal line, accompanied by a positive histogram value of 870.20. The Supertrend and Parabolic SAR (PSAR) indicators both signal a bullish direction, with the price trading above their respective levels of 1,846,125.78 IRR and 1,846,800 IRR. The pair has recorded four consecutive days of gains, underscoring recent upward price action.
Conclusion
The Free-market US Dollar (USD/IRR) demonstrated continued strength on August 22, extending its gains for a fourth consecutive session and maintaining a bullish trend. Key technical indicators, including moving averages and momentum oscillators, align with this positive outlook, with the price approaching a notable resistance level. 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.