Free-market US Dollar (USD/IRR) Records Third Consecutive Daily Decline
The Free-market US Dollar (USD/IRR) closed lower on October 12, 2026, marking its third consecutive day of decline. The pair settled at 2,626,000 IRR, down f...
Market Summary
The Free-market US Dollar (USD/IRR) closed lower on October 12, 2026, marking its third consecutive day of decline. The pair settled at 2,626,000 IRR, down from its opening price of 2,641,050 IRR.
Interactive price chart
Market Analysis
During the latest session, the Free-market US Dollar traded within a range of 2,616,000 IRR to 2,651,000 IRR. The closing price of 2,626,000 IRR represents a retreat from the session's high, indicating a downward bias throughout the day. This recent price action extends a series of declines observed since October 7, following a period of sustained gains that saw the pair reach a high of 2,720,200 IRR on October 4. Despite the recent pullback, the broader market structure for USD/IRR remains classified as bullish, with the current price trading above its 20, 50, and 200-day Simple Moving Averages. The instrument is also positioned relatively close to its 52-week high, approximately 3.46% below it, while being significantly distant from its 52-week low.
Technical Highlights
Momentum indicators present a mixed picture. The 14-day Relative Strength Index (RSI) stands at 70.41, suggesting the Free-market US Dollar is in overbought territory, which often precedes a consolidation or pullback. Concurrently, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line below its signal line and the histogram turning negative, indicating a weakening of bullish momentum.
Despite these short-term signals, the Average Directional Index (ADX) at 55.25 points to a strong underlying trend. The Plus Directional Indicator (+DI) at 40.69 remains notably above the Minus Directional Indicator (-DI) at 18.24, suggesting that the dominant strong trend is still upward. However, the Parabolic SAR (PSAR) has flipped to a bearish signal, positioned above the current price, while the Aroon Oscillator at -54.17, with Aroon Down significantly higher than Aroon Up, further reinforces the recent strengthening of the downtrend.
Conclusion
The Free-market US Dollar (USD/IRR) experienced its third consecutive daily decline on October 12, 2026, closing at 2,626,000 IRR. While the broader trend remains bullish, supported by the price holding above key moving averages and its proximity to the 52-week high, short-term momentum indicators suggest a weakening of bullish sentiment and a strengthening of recent downward pressure. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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