Free-market US Dollar (USD/IRR) Posts Modest Gain Amid Strong Bullish Trend

Market Summary

The Free-market US Dollar (USD/IRR) closed at 2,006,000 IRR on August 27, 2026, marking a modest gain of 1,000 IRR from the previous session's close of 2,005,000 IRR. The currency pair traded within a wide daily range, opening at 2,002,950 IRR, reaching a high of 2,022,200 IRR, and touching a low of 2,001,600 IRR.

Market Analysis

The latest session for the Free-market US Dollar saw prices open near the previous day's close and subsequently test higher levels before settling slightly above the opening price. The daily high of 2,022,200 IRR indicates upward pressure during the session, while the low of 2,001,600 IRR suggests some intraday retracement.

The overall market structure for USD/IRR remains bullish. The current price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established upward trend. The instrument is trading approximately 2.06% below its 52-week high, while being significantly distant from its 52-week low, at 61.96%. Identified support for the Free-market US Dollar stands at 1,846,800 IRR, with resistance noted at 2,048,200 IRR. The 30-day volatility is measured at 1.15%.

Technical Highlights

Technical indicators largely support the prevailing bullish sentiment. The 14-period Relative Strength Index (RSI) is at 70.9, indicating strong positive momentum and suggesting the asset is in overbought territory.

The Moving Average Convergence Divergence (MACD) shows a bullish configuration, with the MACD line above its signal line and the histogram displaying positive values, pointing to increasing upward momentum.

The Average Directional Index (ADX) is at 27.37, signaling a strong trend is in place. The Plus Directional Indicator (+DI) at 40.89 is notably higher than the Minus Directional Indicator (-DI) at 13.46, confirming the strength of the bullish direction.

The Supertrend indicator, currently at 1,937,365.95 with a positive direction, further confirms the bullish trend. Similarly, the Parabolic SAR (PSAR) at 1,893,412.22 also indicates an upward trend.

Bollinger Bands show the price trading near the upper band, suggesting strong upward pressure within the recent trading range.

Conclusion

The Free-market US Dollar (USD/IRR) recorded a marginal gain in the latest session, maintaining its strong bullish trend. Key technical indicators such as the RSI, MACD, ADX, Supertrend, and PSAR all point to sustained positive momentum and a well-established upward trajectory. 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.