Free-market US Dollar (USD/IRR) Extends Decline to Six Sessions, Reaching Recent Low

Market Summary

The Free-market US Dollar (USD/IRR) experienced a notable decline on November 10, 2026, closing at 2,599,000 IRR. This marks the sixth consecutive session of losses for the currency pair, with the closing price representing the lowest point observed in the provided 20-session history. The daily session saw the USD/IRR open at 2,623,600 IRR, reach a high of 2,639,000 IRR, and a low of 2,598,600 IRR before settling near its daily low.

Market Analysis

The USD/IRR recorded a daily loss of 24,600 IRR, or approximately 0.9%, from its opening price. This extends a period of sustained weakness, with the currency pair having declined for six consecutive trading days. Over this period, the USD/IRR has fallen from a close of 2,725,000 IRR on November 3 to today's close of 2,599,000 IRR. The session's closing price was very close to its daily low, suggesting persistent downward pressure.

Despite a longer-term bullish trend indicated by its position significantly above the 200-day simple moving average (SMA200 at 1,993,663 IRR), the USD/IRR is currently trading below its 20-day simple moving average (SMA20 at 2,682,840 IRR). The price remains above the 50-day simple moving average (SMA50 at 2,573,634 IRR), suggesting that while short-term momentum is negative, the medium-term trend retains some support. The current price tested the support level at 2,598,600 IRR, which also represents the lower boundary of the 20-period Donchian Channel.

Technical Highlights

1. Moving Averages: The USD/IRR's price is below its 20-day simple moving average, indicating short-term bearishness. However, it remains above its 50-day and 200-day simple moving averages, suggesting the current decline is a pullback within a broader upward trend.
2. Momentum Indicators: The 14-period Relative Strength Index (RSI) is at 41.6, signaling bearish momentum. The Commodity Channel Index (CCI) at -176.4 and Williams %R (WillR) at -99.7 are deep in oversold territory, suggesting the recent downward move may be extended.
3. Bollinger Bands: The closing price of 2,599,000 IRR is below the lower Bollinger Band (2,615,858 IRR), which often indicates strong downward pressure or an oversold condition.
4. Aroon Oscillator: The Aroon Down indicator is at 100.0, with the Aroon Oscillator at -75.0, strongly confirming the presence of a short-term downtrend.
5. MACD: The Moving Average Convergence Divergence (MACD) histogram is negative, and the MACD line is below its signal line, reinforcing the bearish momentum observed in the market.

Conclusion

The Free-market US Dollar (USD/IRR) has experienced significant short-term weakness, marked by six consecutive daily declines and a close at the lowest point in the provided 20-session history. Technical indicators such as the CCI, WillR, and Bollinger Bands suggest the currency pair is currently oversold, while the Aroon Oscillator and MACD confirm a prevailing downtrend. Despite this short-term bearishness, the price remains above its longer-term moving averages. The available market data alone do not indicate the underlying cause of the observed price movement.

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