Free-market US Dollar (USD/IRR) Extends Gains, Nears 52-Week High
The Free-market US Dollar (USD/IRR) closed at 2,093,000 IRR on August 31, 2026, marking a gain from its opening price of 2,076,950 IRR. This session's close...
Market Summary
The Free-market US Dollar (USD/IRR) closed at 2,093,000 IRR on August 31, 2026, marking a gain from its opening price of 2,076,950 IRR. This session's close represents the highest recorded closing price in the last 30 days, extending a streak of three consecutive upward trading days.
Interactive price chart
Market Analysis
The Free-market US Dollar experienced a notable upward movement during the latest trading session. Opening at 2,076,950 IRR, the currency pair traded within a range, reaching a high of 2,099,200 IRR and a low of 2,067,600 IRR before settling at 2,093,000 IRR. This daily performance contributed to an established bullish trend, with the USD/IRR consistently trading above its 20-day, 50-day, and 200-day Simple Moving Averages. The current price is also positioned very close to its 52-week high, being less than 0.3% away from that level. The observed trading range for the session was approximately 31,600 IRR.
Technical Highlights
Several technical indicators underscore the strong upward momentum. The Relative Strength Index (RSI) for 14 periods is at 79.57, indicating that the asset is in overbought territory. The Moving Average Convergence Divergence (MACD) shows a bullish signal, with the MACD line at 47,444.66 positioned above its signal line of 29,894.46, and the histogram remaining positive. Furthermore, the Average Directional Index (ADX) stands at 32.08, suggesting a strong underlying trend. The price closing above the upper Bollinger Band, which is at 2,081,900 IRR, also highlights the significant upward pressure experienced by the Free-market US Dollar.
Conclusion
The Free-market US Dollar (USD/IRR) concluded the August 31, 2026, session with a strong advance, achieving its highest close in 30 days and extending its bullish trend for a third consecutive day. While momentum indicators like the MACD and ADX confirm the strength of the current upward movement, the RSI and the price's position relative to the upper Bollinger Band suggest potentially overextended conditions. 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.