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

Market Summary

The Free-market US Dollar (USD/IRR) experienced a daily decline on September 23, 2026, closing lower than the previous session and marking a consecutive down day. Despite this pullback, the broader market structure indicates a bullish trend, with the currency pair trading above its key moving averages.

Market Analysis

On September 23, the Free-market US Dollar opened at 2,305,050 IRR. It traded within a range, reaching a session low of 2,302,600 IRR and a high of 2,327,200 IRR, before closing at 2,317,050 IRR. This closing price was below the previous day's close of 2,332,000 IRR, marking a consecutive down day for the pair. The session's high was lower than the previous day's high of 2,355,200 IRR, and the session's low was also below the prior day's low of 2,325,600 IRR.

In a broader context, the USD/IRR has maintained a bullish trend. The current price of 2,317,050 IRR is positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, which stand at 2,280,907.5 IRR, 2,065,743 IRR, and 1,784,975 IRR, respectively. The pair is trading approximately 2.24% below its 52-week high of 2,370,200 IRR, while remaining significantly above its 52-week low. The 30-day volatility is measured at 1.45%.

Technical Highlights

Trend strength indicators support the prevailing bullish sentiment. The Average Directional Index (ADX) is at 50.67, indicating a strong trend. The Plus Directional Indicator (+DI) at 41.36 is notably above the Minus Directional Indicator (-DI) at 19.16, reinforcing the strength of the uptrend. Momentum, as measured by the 14-period Relative Strength Index (RSI), is moderately positive at 67.23.

However, some indicators suggest a recent softening of bullish momentum. The Moving Average Convergence Divergence (MACD) line is currently below its signal line, with a negative histogram of -10,457.71, pointing to a recent bearish crossover. Additionally, the Aroon Down indicator is at 95.83, significantly higher than Aroon Up at 41.67, which suggests that a recent low occurred more recently than a recent high, consistent with a short-term pullback within the broader uptrend. The Supertrend and Parabolic SAR (PSAR) indicators both continue to signal an uptrend, with the price remaining above their respective levels.

Conclusion

The Free-market US Dollar (USD/IRR) experienced a daily decline on September 23, marking a consecutive day of losses. Despite this short-term pullback, the overall market structure and several key trend indicators, including the ADX and moving averages, continue to signal a strong bullish trend. Momentum indicators like MACD and Aroon suggest a recent weakening of bullish impetus. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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