Free-market US Dollar (USD/IRR) Sees Minor Daily Dip Amidst Bullish Trend
The Free-market US Dollar (USD/IRR) closed at IRR 2,308,000 on September 21, 2026, marking a slight decline for the session. This daily movement followed thr...
Market Summary
The Free-market US Dollar (USD/IRR) closed at IRR 2,308,000 on September 21, 2026, marking a slight decline for the session. This daily movement followed three consecutive days of gains for the pair. The session saw the USD/IRR open at IRR 2,310,000 before reaching a high of IRR 2,319,200 and a low of IRR 2,307,600.
Interactive price chart
Market Analysis
During the latest session, the Free-market US Dollar traded within a range of IRR 11,600. Despite the daily close below its opening price, the broader market structure for USD/IRR remains bullish. The current price is positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing this upward trend. Over the past 30 days, volatility for the pair was approximately 1.43%.
The USD/IRR is currently trading 72.19% above its 52-week low, indicating a significant long-term advance. However, it remains 2.62% below its 52-week high. Key levels for the pair are identified with support at IRR 2,026,950 and resistance at IRR 2,370,200.
Technical Highlights
Several technical indicators provide insight into the current market dynamics for the Free-market US Dollar. The 14-period Relative Strength Index (RSI) stands at 68.19, indicating positive momentum as it remains above its neutral 50 level. The Average Directional Index (ADX) at 52.02 suggests a strong trend is in place, with the Plus Directional Indicator (+DI) at 40.61 notably above the Minus Directional Indicator (-DI) at 17.03, reinforcing the presence of bullish strength.
The Free-market US Dollar is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, which are at IRR 2,256,110, IRR 2,048,002, and IRR 1,778,140 respectively, further supporting the bullish market structure. The Supertrend indicator, currently at IRR 2,231,679, is positioned below the price, confirming an uptrend.
However, some indicators present conflicting signals. The Parabolic SAR (PSAR) at IRR 2,353,487 is above the current price, which could be interpreted as a potential bearish reversal signal. Additionally, the Aroon Oscillator at -66.67, with Aroon Down at 100 and Aroon Up at 33.33, suggests a strong downtrend, which conflicts with the overall bullish trend indicated by other metrics.
Conclusion
The Free-market US Dollar (USD/IRR) experienced a minor daily decline on September 21, 2026, following a period of consecutive gains. While the overall market structure and several key indicators like RSI, ADX, and Supertrend point to a bullish trend, conflicting signals from PSAR and Aroon suggest potential shifts or divergences in momentum. 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.