Free-market US Dollar (USD/IRR) Extends Gains, Nears 52-Week High
The Free-market US Dollar (USD/IRR) closed at 2,210,600 IRR on September 3, 2026, marking its sixth consecutive day of gains and reaching the highest closing...
Market Summary
The Free-market US Dollar (USD/IRR) closed at 2,210,600 IRR on September 3, 2026, marking its sixth consecutive day of gains and reaching the highest closing price in the past 30 days. While the session opened at 2,214,200 IRR and saw an intraday high of 2,218,200 IRR, the currency pair experienced a slight pullback to close below its opening level.
Interactive price chart
Market Analysis
The USD/IRR has demonstrated a strong upward trajectory, with the latest closing price representing a significant advance over recent weeks. The current price is positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing a bullish trend across multiple timeframes. The instrument's price is also notably close to its 52-week high, with a distance of just 0.34%.
During the September 3 session, the USD/IRR traded within a range of 2,202,600 IRR to 2,218,200 IRR. The intraday high of 2,218,200 IRR aligns with the identified resistance level. The overall market structure indicates a bullish trend, supported by the consistent upward movement over the last six trading days.
Technical Highlights
Momentum indicators suggest strong upward pressure, with the 14-period Relative Strength Index (RSI) at 86.18, indicating overbought conditions. The Moving Average Convergence Divergence (MACD) shows a positive histogram of 27,037.73, with the MACD line above its signal line, confirming bullish momentum.
The Average Directional Index (ADX) at 40.42 points to a strong trend, with the Plus Directional Indicator (+DI) significantly higher than the Minus Directional Indicator (-DI), underscoring the dominance of positive price movement. The price trading above the upper Bollinger Band (2,203,556 IRR) further highlights the strong upward pressure. Additionally, both the Supertrend and Parabolic SAR indicators confirm the prevailing bullish trend. The Aroon Up indicator is at 0, suggesting a new high was made very recently.
Conclusion
The Free-market US Dollar (USD/IRR) continues to exhibit a strong bullish trend, marked by six consecutive daily gains and a 30-day highest close. While several technical indicators point to overbought conditions, the overall market structure and trend-following indicators remain firmly positive. 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.