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Forex

AUD Falls Against IDR as Bearish Momentum Persists

Guavy AI Editorial Team
Instruments
AUD
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The Australian Dollar (AUD) is falling against the Indonesian Rupiah (IDR), currently trading at Rp12,484, down 1.58% on the day.

This bearish momentum has been persistent, with the pair sitting below its key short- and medium-term moving averages.

Technical indicators such as MACD and ADX show strong selling pressure, while RSI is at 47.28, suggesting a sell bias.

The price is projected to remain in a range of Rp12,323 to Rp12,671 with a high probability of further downside unless immediate support breaks.

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