Free-market US Dollar (USD/IRR) Extends Gains, Nears Resistance

Market Summary

The Free-market US Dollar (USD/IRR) closed at 1,931,150 IRR on July 23, 2026, marking a gain of 13,200 IRR from its opening price of 1,917,950 IRR. The session saw the rate trade within a range from a low of 1,917,800 IRR to a high of 1,932,200 IRR, with the closing price near the session's high. This marks the third consecutive day of gains for the Free-market US Dollar.

Market Analysis

The Free-market US Dollar continued its upward trajectory, with the latest session's close at 1,931,150 IRR representing a higher close than the previous day's 1,924,050 IRR. The instrument has been in a bullish trend, as indicated by its price trading above its 20-day, 50-day, and 200-day Simple Moving Averages.

The current price is approaching its 52-week high, with a distance of less than 1% from that level. The identified resistance level stands at 1,950,200 IRR, which corresponds to the highest high observed in recent trading history. Conversely, the support level is noted at 1,706,800 IRR. The latest session's low of 1,917,800 IRR was a higher low compared to the previous two sessions, suggesting underlying strength. Over the past 30 days, volatility has been moderate at approximately 1.79%.

Technical Highlights

Momentum indicators largely support the ongoing bullish sentiment. The 14-period Relative Strength Index (RSI) is at 66.82, indicating positive momentum without yet entering overbought territory. The Moving Average Convergence Divergence (MACD) shows a bullish signal, with the MACD line positioned above its signal line and a positive histogram, reinforcing upward momentum.

The Average Directional Index (ADX) is at 30.48, signaling a trending market. The Plus Directional Indicator (+DI) at 42.77 is notably above the Minus Directional Indicator (-DI) at 19.49, confirming the strength of the current bullish trend. Furthermore, the Commodity Channel Index (CCI) at 105.11 is above the 100 threshold, suggesting strong upward momentum.

Conclusion

The Free-market US Dollar (USD/IRR) demonstrated continued strength, closing higher for the third consecutive session and maintaining a bullish trend across various moving averages. Momentum indicators also point to sustained positive sentiment as the price approaches a key resistance level. 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.