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

Market Summary

On September 24, 2026, the Free-market US Dollar (USD/IRR) closed at 2,346,150 IRR, marking a decline from its opening price of 2,357,750 IRR. The session saw the currency trade within a range, reaching a high of 2,363,200 IRR and a low of 2,340,600 IRR. Despite the daily decrease from the open, the USD/IRR recorded a consecutive day of gains based on its closing price compared to the previous session.

Market Analysis

The Free-market US Dollar maintains a bullish trend, with the latest closing price positioned above its 20-day, 50-day, and 200-day Simple Moving Averages (SMAs). The current price of 2,346,150 IRR is above the 20-day SMA of 2,291,215 IRR, the 50-day SMA of 2,075,066 IRR, and the 200-day SMA of 1,788,477 IRR, reinforcing the upward trajectory.

The latest session's trading range was approximately 22,600 IRR, indicating moderate intraday volatility. The USD/IRR is currently trading within 1.5% of its 52-week high of 2,370,200 IRR, which also serves as the identified resistance level. Support for the currency is noted at 2,167,000 IRR.

Technical Highlights

Several technical indicators offer insights into the current market dynamics for USD/IRR:

• Relative Strength Index (RSI): The 14-period RSI stands at 70.14, indicating strong upward momentum and suggesting the asset is approaching overbought conditions.
• Average Directional Index (ADX): With an ADX value of 50.19, the trend strength is notably strong. The Plus Directional Indicator (+DI) at 44.70 significantly outweighs the Minus Directional Indicator (-DI) at 17.41, confirming the dominance of the bullish trend.
• Moving Average Convergence Divergence (MACD): The MACD line (73,281) is currently below its signal line (82,757), and the MACD histogram is negative (-9,475). This configuration suggests a potential weakening of bullish momentum or a bearish crossover, despite the overall price trend.
• Supertrend: The Supertrend indicator is at 2,243,935 IRR with a bullish direction, as the price remains above this level.
• Aroon Oscillator: The Aroon Oscillator is at -54.17, with Aroon Down at 100 and Aroon Up at 45.83. This indicates that a new low was recorded recently within the lookback period, while the highest high was not as recent, potentially signaling a shift or weakening in the upward momentum.

Conclusion

The Free-market US Dollar (USD/IRR) maintains a bullish trend, with its price trading above key moving averages and supported by strong trend strength as indicated by the ADX. However, the latest session saw a daily decline from its open, and some momentum indicators, such as the MACD histogram and Aroon Oscillator, suggest a potential deceleration of upward momentum or recent bearish developments. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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