Free-market US Dollar (USD/IRR) Sees Daily Decline Amidst Sustained Bullish Trend
On September 12, 2026, the Free-market US Dollar (USD/IRR) experienced a daily decline, closing at IRR 2,339,000. The instrument opened the session at IRR 2,...
Market Summary
On September 12, 2026, the Free-market US Dollar (USD/IRR) experienced a daily decline, closing at IRR 2,339,000. The instrument opened the session at IRR 2,356,000, traded within a range between a high of IRR 2,370,200 and a low of IRR 2,336,600, and ended lower than its previous close of IRR 2,359,750. This marks one consecutive day of decline.
Interactive price chart
Market Analysis
Despite the latest session's pullback, the broader market structure for the Free-market US Dollar (USD/IRR) remains bullish. The price continues to trade above its 20-day, 50-day, and 200-day Simple Moving Averages, indicating a sustained upward trend across multiple timeframes. The instrument is currently positioned approximately 80% above its 52-week low, while remaining just 1.3% below its 52-week high, reflecting significant appreciation over the past year. The trading session on September 12 saw a range of approximately IRR 33,600, with the price retreating from the resistance level of IRR 2,370,200.
Technical Highlights
Technical indicators present a mixed outlook for the Free-market US Dollar. The 14-period Relative Strength Index (RSI) stands at 79.67, suggesting that the asset is in overbought territory. The Moving Average Convergence Divergence (MACD) shows positive momentum, with the MACD line above its signal line and a positive histogram of 20,557. The Average Directional Index (ADX) at 56.53 indicates a strong trend, further supported by the Plus DI (58.53) significantly exceeding the Minus DI (5.41), which reinforces the strength of the upward movement.
However, the Aroon indicator provides a contrasting signal, with Aroon Down at 100 and Aroon Up at 0, resulting in an Aroon Oscillator of -100. This suggests that the lowest low of the last 25 periods occurred in the current session, while a new 25-period high did not, potentially signaling recent short-term weakness despite the prevailing bullish trend. Both the Supertrend and Parabolic SAR (PSAR) indicators continue to signal an upward direction.
Conclusion
The Free-market US Dollar (USD/IRR) experienced a daily decline on September 12, 2026, interrupting a period of strong upward movement. While the overall trend remains bullish, supported by price action above key moving averages and a strong ADX reading, the RSI indicates overbought conditions. Furthermore, the Aroon indicator suggests recent short-term downward pressure. 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.