Free-market US Dollar (USD/IRR) Extends Gains, Reaches 30-Day High
On October 5, 2026, the Free-market US Dollar (USD/IRR) closed at 2,687,000 IRR, marginally below its opening price of 2,687,100 IRR. The session witnessed a...
Market Summary
On October 5, 2026, the Free-market US Dollar (USD/IRR) closed at 2,687,000 IRR, marginally below its opening price of 2,687,100 IRR. The session witnessed a trading range between a high of 2,718,150 IRR and a low of 2,679,600 IRR, indicating some intraday volatility despite the relatively flat close.
Interactive price chart
Market Analysis
The Free-market US Dollar (USD/IRR) has demonstrated a sustained upward trajectory, recording eight consecutive days of higher closes. This consistent advance has pushed the instrument to its highest closing price in the last 30 days. The overall market structure is identified as bullish, with the price trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing positive trend.
The USD/IRR is currently positioned close to its 52-week high, with only a 1.22% distance remaining. A notable resistance level is identified at 2,720,200 IRR, which the instrument's high of 2,718,150 IRR approached during the latest session. The support level is observed at 2,265,600 IRR.
Technical Highlights
Momentum indicators reflect the strong upward movement. The 14-period Relative Strength Index (RSI) stands at 86.83, indicating that the instrument is in an overbought condition. This suggests robust buying pressure but also highlights the potential for a consolidation or pullback.
The Average Directional Index (ADX) is at 57.57, signaling a very strong trend. The Plus Directional Indicator (+DI) at 61.11 significantly outweighs the Minus Directional Indicator (-DI) at 7.89, confirming the dominance of the upward trend.
The Moving Average Convergence Divergence (MACD) shows a positive histogram of 25,456.78, with the MACD line above its signal line, further supporting the bullish momentum. Additionally, the price is trading near the upper Bollinger Band (2,700,689 IRR), which often accompanies strong price advances. Both the Supertrend and Parabolic SAR indicators also confirm the bullish trend, with the price trading above their respective levels.
Conclusion
The Free-market US Dollar (USD/IRR) maintains a strong bullish trend, marked by eight consecutive days of higher closes and trading at a 30-day high. Key technical indicators confirm strong upward momentum and trend strength, though the RSI suggests overbought conditions. The price is approaching a significant resistance level near its 52-week high. 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.