Free-market US Dollar (USD/IRR) Closes Higher, Maintains Bullish Trend

Market Summary

On August 26, 2026, the Free-market US Dollar (USD/IRR) closed at 2,005,000 IRR, registering a gain from its opening price of 1,998,200 IRR. The session saw the rate trade within a range, reaching a high of 2,018,200 IRR and a low of 1,989,600 IRR.

Market Analysis

The Free-market US Dollar (USD/IRR) concluded the latest session with a modest advance, closing above its opening level. This movement occurred within a broader bullish trend, as indicated by the market structure data. The current price of 2,005,000 IRR remains positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, which are at 1,904,245 IRR, 1,881,141 IRR, and 1,710,509.75 IRR respectively, reinforcing the prevailing upward trajectory.

While the overall trend remains bullish, the latest session's high of 2,018,200 IRR was below the recent highs observed on August 24 (2,030,200 IRR) and August 25 (2,048,200 IRR). The closing price of 2,005,000 IRR was also lower than the August 24 close of 2,021,950 IRR, suggesting a period of consolidation or a slight pullback within the established uptrend. The 30-day volatility stands at approximately 1.20%. Key levels to observe include the resistance at 2,048,200 IRR and support at 1,846,800 IRR.

Technical Highlights

Momentum indicators suggest continued strength for the Free-market US Dollar (USD/IRR). The 14-period Relative Strength Index (RSI) is at 70.78, indicating strong positive momentum, though it is approaching overbought conditions.

The Moving Average Convergence Divergence (MACD) shows a positive signal, with the MACD line at 32,424.91 positioned above its signal line of 18,413.89, and the histogram remaining positive at 14,011.02. This configuration typically confirms upward momentum.

The Average Directional Index (ADX) is at 25.60, with the Plus Directional Indicator (+DI) at 42.03 significantly above the Minus Directional Indicator (-DI) at 14.18. This combination suggests a strengthening uptrend.

Furthermore, the price is trading above the Supertrend indicator, which is currently at 1,937,365.95 IRR, providing another confirmation of the prevailing uptrend.

Conclusion

The Free-market US Dollar (USD/IRR) closed higher in the latest session, maintaining its bullish trend as evidenced by its position above key moving averages and positive momentum indicators. While the session's high and close were below recent peaks, suggesting some consolidation, the overall technical posture remains strong. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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