Free-market US Dollar (USD/IRR) Extends Gains, Bullish Trend Holds
The Free-market US Dollar (USD/IRR) concluded the trading session on July 28, 2026, with its second consecutive daily gain. Opening at 1,870,000 IRR, the pai...
Market Summary
The Free-market US Dollar (USD/IRR) concluded the trading session on July 28, 2026, with its second consecutive daily gain. Opening at 1,870,000 IRR, the pair advanced to close at 1,902,000 IRR, marking an increase of 32,000 IRR for the day. During the session, the USD/IRR traded within a range of 42,400 IRR, reaching an intraday high of 1,912,200 IRR and a low of 1,869,800 IRR.
Interactive price chart
Market Analysis
The Free-market US Dollar (USD/IRR) maintains a bullish trend as of July 28, 2026. The current price of 1,902,000 IRR is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, which are positioned at 1,859,657.5 IRR, 1,764,105 IRR, and 1,590,994.95 IRR, respectively. This alignment suggests sustained strength across multiple timeframes. The pair is also trading within approximately 2.5% of its 52-week high, indicating its proximity to recent peak levels.
Over the past month, the USD/IRR has shown an upward trajectory, rising from around 1,757,000 IRR in early July. The highest close observed in the last 30 days was 1,945,000 IRR on July 18. Key resistance for the pair is identified at 1,950,200 IRR, while a notable support level is at 1,749,800 IRR.
Technical Highlights
Momentum indicators present a mixed outlook for the USD/IRR. The 14-period Relative Strength Index (RSI) stands at 59.90, indicating moderately positive momentum as it remains above the neutral 50 level. The Average Directional Index (ADX) at 26.91 suggests a trending market, with the Plus Directional Indicator (+DI) of 34.30 exceeding the Minus Directional Indicator (-DI) of 24.63, which supports the prevailing bullish direction. Further reinforcing the uptrend, the Supertrend indicator shows the price trading above its line at 1,833,307.66 IRR.
However, some technical signals suggest a potential weakening of positive momentum or conflicting trend indications. The Moving Average Convergence Divergence (MACD) histogram is negative at -3,483.04, implying that the MACD line has crossed below its signal line, which can signal a deceleration in bullish momentum. Additionally, the Aroon Oscillator is at -66.67, with Aroon Down at 100, which typically indicates a strong downtrend and contradicts the overall bullish trend suggested by other metrics.
Conclusion
The Free-market US Dollar (USD/IRR) closed July 28, 2026, with a second consecutive daily gain, reinforcing its overall bullish trend as indicated by its position above key moving averages and its proximity to the 52-week high. While several momentum and trend indicators support the bullish direction, the MACD histogram and Aroon Oscillator present conflicting signals, suggesting a potential weakening of positive momentum or the presence of underlying bearish pressure. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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