Free-market US Dollar (USD/IRR) Extends Gains, Reaching 30-Day High
The Free-market US Dollar (USD/IRR) closed higher on October 3, 2026, marking its sixth consecutive day of gains. The currency pair reached a new 30-day clos...
Market Summary
The Free-market US Dollar (USD/IRR) closed higher on October 3, 2026, marking its sixth consecutive day of gains. The currency pair reached a new 30-day closing high, trading within a wide daily range.
Interactive price chart
Market Analysis
On October 3, 2026, the USD/IRR opened at 2,652,750 IRR and advanced to a high of 2,685,200 IRR. The session's low was recorded at 2,650,600 IRR, resulting in a daily trading range of 34,600 IRR. The pair closed at 2,679,000 IRR, representing a daily increase of 26,250 IRR. This closing price stands as the highest recorded in the past 30 days.
The USD/IRR has demonstrated a clear upward trajectory, with the current price trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing a bullish trend across multiple timeframes. The currency pair is currently trading approximately 0.23% below its 52-week high, while being significantly distant from its 52-week low, indicating a sustained upward movement over the longer term.
Technical Highlights
Technical indicators largely support the prevailing bullish trend and strong upward momentum, though some suggest overbought conditions.
- Strong Uptrend Confirmation: The price is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, confirming a robust uptrend. This is further supported by the Supertrend and Parabolic SAR (PSAR) indicators, both signaling an upward direction. The Average Directional Index (ADX) at 54.45 points to a very strong trend, with the Plus Directional Indicator (+DI) significantly higher than the Minus Directional Indicator (-DI), underscoring the strength of the current advance.
- Bullish Momentum: The Moving Average Convergence Divergence (MACD) shows a bullish signal, with the MACD line positioned above its signal line and a positive histogram, indicating continued positive momentum. The Commodity Channel Index (CCI) at 228.44 also points to strong upward momentum, being well above its typical positive threshold.
- Overbought Conditions: The 14-period Relative Strength Index (RSI) is at 86.59, suggesting that the asset is in overbought territory. This is further supported by the price closing above the upper Bollinger Band, which can indicate strong upward momentum or a potentially overextended move. The Williams %R indicator at -1.48, near its overbought extreme, also aligns with this assessment.
Conclusion
The Free-market US Dollar (USD/IRR) concluded the October 3, 2026 session with notable gains, extending its consecutive daily advance to six sessions and achieving a 30-day closing high. Technical indicators largely support the strong bullish trend and upward momentum, though some suggest overbought conditions. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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