Free-market US Dollar (USD/IRR) Extends Declines Amidst Broader Bullish Trend

Market Summary

The Free-market US Dollar (USD/IRR) closed at 2,669,000 IRR on November 5, 2026, marking a marginal increase of 50 IRR from its opening price of 2,668,950 IRR. However, the session represented the second consecutive day of decline for the currency pair. Intraday trading saw the USD/IRR reach a high of 2,672,100 IRR and a low of 2,649,000 IRR, indicating a relatively wide trading range for the day.

Market Analysis

The Free-market US Dollar experienced a daily decline, extending a two-day losing streak. Despite this recent pullback, the overall market structure for the USD/IRR remains bullish. The current price trades below its 20-day simple moving average but holds above both its 50-day and 200-day simple moving averages, suggesting short-term weakness within a longer-term upward trend.

The instrument is positioned closer to its 52-week high, with a distance of approximately 2.77%, compared to its 52-week low, which is 86.12% away. This indicates that the USD/IRR has maintained a significant portion of its gains over the past year. The 30-day volatility stands at 1.20%, reflecting moderate price fluctuations over the recent period. Key levels of support and resistance are identified at 2,599,000 IRR and 2,745,000 IRR, respectively.

Technical Highlights

Several technical indicators offer insights into the current market dynamics for the USD/IRR:

• Relative Strength Index (RSI): With a 14-period RSI at 54.31, momentum remains moderately positive, staying above the neutral 50 level.
• Moving Averages: The current price of 2,669,000 IRR is below the 20-day SMA of 2,684,635 IRR, signaling short-term bearish pressure. However, it remains above the 50-day SMA of 2,548,907 IRR and the 200-day SMA of 1,972,636 IRR, reinforcing the longer-term bullish trend.
• MACD: The Moving Average Convergence Divergence (MACD) shows its line at 42,851, below its signal line of 56,285, with a negative histogram of -13,434. This configuration suggests a weakening of bullish momentum or a potential bearish crossover.
• Average Directional Index (ADX): The ADX value of 29.14 indicates a relatively strong trend is in place. The Plus Directional Indicator (+DI) at 27.59 is slightly above the Minus Directional Indicator (-DI) at 24.48, suggesting the underlying bullish trend still retains some strength.
• Aroon Oscillator: The Aroon Oscillator is at -75.0, with Aroon Down significantly higher than Aroon Up. This indicates a strong downward trend in recent periods, contrasting with the broader bullish market structure.

Conclusion

The Free-market US Dollar (USD/IRR) experienced its second consecutive daily decline on November 5, 2026, closing near its opening price. While the overall trend remains bullish, supported by its position above key longer-term moving averages, recent price action and some technical indicators point to short-term weakness and a potential deceleration of upward momentum. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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