Free-market US Dollar (USD/IRR) Sees Daily Decline Amidst Broader Bullish Trend

Market Summary

The Free-market US Dollar (USD/IRR) experienced a daily decline on September 22, 2026, closing at 2,332,000 IRR. This marked a decrease from its opening price of 2,348,100 IRR. Despite the intraday pullback, the asset maintained a four-day streak of closing higher than the previous session.

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Market Analysis

The latest trading session for the Free-market US Dollar (USD/IRR) saw the currency open at 2,348,100 IRR before reaching an intraday high of 2,355,200 IRR. However, it subsequently retreated, hitting a low of 2,325,600 IRR and closing at 2,332,000 IRR. This resulted in a daily loss from open to close.

Despite the intraday weakness, the broader market structure indicates a bullish trend. The USD/IRR price remains positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the upward trajectory. The currency is trading close to its 52-week high, with a distance of only 1.61% from that peak, while being significantly far from its 52-week low at 73.98%. The asset has recorded four consecutive days of closing higher than the preceding session. Volatility over the last 30 days stands at approximately 1.43%. Key levels to observe are resistance at 2,370,200 IRR and support at 2,067,600 IRR.

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Technical Highlights

Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) is at 70.51, suggesting that the asset is in overbought territory. Conversely, the Moving Average Convergence Divergence (MACD) shows its line below the signal line, with a negative histogram, indicating a potential weakening of positive momentum or a bearish crossover.

Trend strength is robust, with the Average Directional Index (ADX) at 51.74, signaling a strong trend. The Plus Directional Indicator (+DI) at 43.97 is notably above the Minus Directional Indicator (-DI) at 15.42, confirming the strength of the upward movement. The Supertrend and Parabolic SAR indicators also align with an upward trend direction. However, the Aroon Oscillator is at -54.17, with Aroon Down significantly higher than Aroon Up, which could suggest a developing downward trend, diverging from other trend-following indicators.

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Conclusion

The Free-market US Dollar (USD/IRR) experienced an intraday decline on September 22, 2026, yet maintained its streak of closing higher than the previous session for the fourth consecutive day. The overall market structure points to a bullish trend, with the price trading above key moving averages and near its 52-week high. While the RSI indicates overbought conditions and MACD suggests weakening momentum, the ADX confirms a strong upward trend. The Aroon indicator, however, presents a divergent signal. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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