Free-market US Dollar (USD/IRR) Extends Gains, Bullish Trend Holds

Market Summary

The Free-market US Dollar (USD/IRR) closed higher on September 27, 2026, ending the session at 2,350,000 IRR. This marked a single consecutive day of gains, following the previous session's decline. The currency traded within a range of 19,600 IRR, opening at 2,346,000 IRR and reaching a high of 2,360,200 IRR before touching a low of 2,340,600 IRR.

Market Analysis

The Free-market US Dollar maintains a bullish trend, with its current price trading above its 20-day, 50-day, and 200-day Simple Moving Averages. Today's closing price of 2,350,000 IRR places the currency approximately 0.85% away from its 52-week high, while remaining significantly distant from its 52-week low.

The latest session saw the USD/IRR record a higher low at 2,340,600 IRR compared to the previous session's low of 2,329,600 IRR. However, the session's high of 2,360,200 IRR was below the highest high observed in the last 20 sessions, which was 2,370,200 IRR on September 12. Volatility over the past 30 days stands at 1.45%.

Technical Highlights

Several technical indicators support the prevailing bullish sentiment. The Average Directional Index (ADX) at 48.79 indicates a strong trend, with the Plus Directional Indicator (+DI) of 43.06 significantly above the Minus Directional Indicator (-DI) of 17.92, suggesting buyers are in control. The Relative Strength Index (RSI) of 69.02 points to positive momentum, nearing the overbought threshold.

Both the Supertrend and Parabolic SAR (PSAR) indicators confirm an active uptrend, with the price trading above their respective lines. Conversely, the MACD histogram, which is negative at -9,383.35, along with the MACD line being below its signal line, suggests a recent deceleration in bullish momentum. The Aroon Oscillator, at -45.83, with Aroon Down at 100, also indicates a recent strong presence of downward price action, presenting a divergence from the overall bullish trend indicated by other metrics.

Conclusion

The Free-market US Dollar (USD/IRR) closed higher, reinforcing its established bullish trend as it trades above key moving averages and near its 52-week high. While momentum indicators like RSI and ADX support the uptrend, the MACD histogram and Aroon Oscillator suggest a recent softening of bullish impetus or the presence of recent downward pressure. 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.