Free-market US Dollar (USD/IRR) Extends Gains, Reaches New 30-Day High
The Free-market US Dollar (USD/IRR) closed higher on September 1, 2026, marking its fourth consecutive day of gains. The session saw the currency pair open a...
Market Summary
The Free-market US Dollar (USD/IRR) closed higher on September 1, 2026, marking its fourth consecutive day of gains. The session saw the currency pair open at IRR 2,100,200 and reach a high of IRR 2,142,200 before settling at IRR 2,140,000. This closing price represents the highest recorded close in the last 30 days.
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Interactive price chart
Market Analysis
The Free-market US Dollar demonstrated a strong upward trajectory during the latest trading session. Opening at IRR 2,100,200, the price quickly moved higher, establishing a new 30-day high at IRR 2,142,200. The session's low was recorded at IRR 2,099,600, indicating a wide trading range for the day. The closing price of IRR 2,140,000 confirms a bullish trend, with the instrument trading above its 20-day, 50-day, and 200-day Simple Moving Averages.
Over the past month, the Free-market US Dollar has shown a consistent upward movement, culminating in four consecutive days of gains leading up to the September 1 close. The current price is significantly above its 52-week low, while remaining approximately 10.3% below its 52-week high. Volatility over the last 30 days stands at approximately 1.24%. Key levels to observe include the established support at IRR 1,846,800 and resistance at IRR 2,142,200.
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Technical Highlights
Technical indicators suggest strong bullish momentum, with some signals pointing to overbought conditions.
The 14-period Relative Strength Index (RSI) is at approximately 82.7, indicating that the Free-market US Dollar is in overbought territory.
The Moving Average Convergence Divergence (MACD) continues to show positive momentum, with the MACD line positioned above its signal line and a positive histogram, reinforcing the current upward trend.
The Average Directional Index (ADX) at 34.7 suggests a strong trend is in place. This is further supported by the Plus Directional Indicator (+DI) at 53.3, which is significantly higher than the Minus Directional Indicator (-DI) at 9.6, indicating strong bullish control.
The price closed above the upper Bollinger Band, which is often interpreted as a sign of strong upward pressure.
The Free-market US Dollar is trading above its Supertrend indicator, which is currently at IRR 2,017,433.9, further confirming the prevailing uptrend.
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Conclusion
The Free-market US Dollar (USD/IRR) concluded the September 1, 2026, session with a notable gain, marking its fourth consecutive daily advance and achieving a new 30-day closing high. While the overall trend remains strongly bullish, as indicated by price action above key moving averages and strong ADX readings, momentum indicators such as the RSI suggest the instrument is currently in overbought 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.