Free-market US Dollar (USD/IRR) Pulls Back as Bullish Trend Holds
On September 26, 2026, the Free-market US Dollar (USD/IRR) concluded the trading session lower, settling at 2,333,000 IRR. This marked a decline from its pre...
Market Summary
On September 26, 2026, the Free-market US Dollar (USD/IRR) concluded the trading session lower, settling at 2,333,000 IRR. This marked a decline from its previous close of 2,346,150 IRR on September 24. The session saw the pair trade within a range of 2,329,600 IRR to 2,348,200 IRR.
Interactive price chart
Market Analysis
The USD/IRR opened at 2,335,150 IRR before reaching an intraday high of 2,348,200 IRR. It subsequently retreated to a low of 2,329,600 IRR, ultimately closing below its opening price. Despite the daily pullback, the broader market structure indicates a bullish trend for the Free-market US Dollar. The current price trades above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing this upward trajectory. The pair is also positioned approximately 1.57% below its 52-week high, while remaining significantly above its 52-week low by over 74%. The resistance level is identified at 2,370,200 IRR, which corresponds to the highest high observed in the last 30 days on September 12.
Technical Highlights
Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) stands at 67.23, suggesting positive momentum without indicating overbought conditions. Conversely, the Moving Average Convergence Divergence (MACD) histogram is negative at -9,956.75, implying a recent weakening of bullish momentum or a bearish crossover.
Trend strength remains robust, with the Average Directional Index (ADX) at 49.37, indicating a strong trend. The Plus Directional Indicator (+DI) at 42.99 significantly outweighs the Minus Directional Indicator (-DI) at 18.99, suggesting that buyers are currently in control of the trend.
Further supporting the uptrend, the price is trading above the Supertrend indicator at 2,243,935 IRR and the Parabolic SAR (PSAR) at 2,272,910 IRR.
Conclusion
The Free-market US Dollar (USD/IRR) experienced a daily decline on September 26, 2026, interrupting recent gains. However, the underlying market structure and several key trend indicators continue to point towards a bullish trend. While momentum indicators offer conflicting signals, the overall trend strength remains pronounced. 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.