Free-market US Dollar (USD/IRR) Extends Gains Amidst Strong Trend
The Free-market US Dollar (USD/IRR) registered a modest gain on September 20, 2026, closing at 2,306,000 IRR. The session opened at 2,301,850 IRR, near its d...
Market Summary
The Free-market US Dollar (USD/IRR) registered a modest gain on September 20, 2026, closing at 2,306,000 IRR. The session opened at 2,301,850 IRR, near its daily low of 2,301,600 IRR, before reaching a high of 2,322,200 IRR. The close marked the second consecutive day of gains for the currency pair.
Interactive price chart
Market Analysis
The Free-market US Dollar maintains a bullish trend, with its current price trading above the 20-day, 50-day, and 200-day Simple Moving Averages, indicating sustained upward momentum across multiple timeframes. The instrument is positioned approximately 2.71% below its 52-week high, while remaining significantly distant from its 52-week low.
The latest session's close of 2,306,000 IRR follows a previous close of 2,302,750 IRR, marking two consecutive days of price increases. The trading range for the day was 20,600 IRR, with the price opening near its low and closing above its open but below the session's high. Identified resistance for the Free-market US Dollar stands at 2,370,200 IRR.
Technical Highlights
The market exhibits a strong trend, as indicated by the 14-period Average Directional Index (ADX) at 52.88. This strong trend is further supported by the Plus Directional Indicator (+DI) at 41.74, which is notably above the Minus Directional Indicator (-DI) at 17.50, suggesting a dominant upward directional movement.
Momentum remains moderately positive, with the 14-period Relative Strength Index (RSI) at 68.00. This level is above the neutral 50-mark but remains below the overbought threshold of 70.
However, some indicators suggest a potential weakening of bullish momentum or conflicting signals. The Moving Average Convergence Divergence (MACD) histogram is negative at -8,416.41, with the MACD line positioned below its signal line. Additionally, the Parabolic SAR (PSAR) shows a bearish reversal signal, with its direction at -1.0 and the price trading below the indicator. Similarly, the Aroon Down indicator is at 100.0, and the Aroon Oscillator is deeply negative at -70.83, which typically points to a strong downtrend, contrasting with the broader bullish market structure.
Conclusion
The Free-market US Dollar (USD/IRR) recorded its second consecutive daily gain, reinforcing its overall bullish trend as it trades above key moving averages and shows strong directional movement. While momentum indicators like RSI remain positive, some technical signals from MACD, PSAR, and Aroon suggest a potential weakening of bullish momentum or conflicting short-term directional biases. 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.