Free-market US Dollar Declines for Second Consecutive Session

Market Summary

The Free-market US Dollar (USD/IRR) closed lower on September 7, 2026, marking its second consecutive daily decline. The currency pair opened higher but retreated throughout the session, ending near its daily low.

Market Analysis

On September 7, the Free-market US Dollar opened at 2,251,000 IRR, reaching an intraday high of 2,253,200 IRR before experiencing a decline. The session low was recorded at 2,220,600 IRR, with the pair closing at 2,221,000 IRR. This close represents a continuation of the downward movement observed in the previous session, which saw the USD/IRR close at 2,230,000 IRR. The daily trading range narrowed to approximately 32,600 IRR, compared to the previous session's range of 57,600 IRR.

Despite the recent two-day pullback, the Free-market US Dollar maintains a bullish trend. The current price remains positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, indicating a sustained upward trajectory over various timeframes. The USD/IRR is also trading approximately 2.89% below its 52-week high, while remaining significantly above its 52-week low.

Technical Highlights

Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) stands at 76.86, suggesting the asset is in overbought territory. The Average Directional Index (ADX) at 48.07 indicates a strong underlying trend, with the Plus Directional Indicator (+DI) at 55.10 significantly outweighing the Minus Directional Indicator (-DI) at 7.56, reinforcing the strength of the positive directional movement.

The Moving Average Convergence Divergence (MACD) is positive at 91,511.81 and remains above its signal line, with a positive histogram of 23,135.52, signaling continued positive momentum. Both the Supertrend and Parabolic SAR (PSAR) indicators also confirm an ongoing uptrend. However, the Aroon Oscillator is at -87.5, with Aroon Down at 91.67 and Aroon Up at 4.17, which suggests that recent lows have been more prominent than recent highs, presenting a divergence from other trend-following indicators.

Conclusion

The Free-market US Dollar experienced its second consecutive daily decline on September 7, closing near its session low. While the overall market structure indicates a bullish trend, supported by price action above key moving averages and strong ADX readings, the RSI suggests overbought conditions. The Aroon Oscillator also points to a potential shift in the prominence of recent price movements, contrasting with other trend indicators. 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.