AUD/IDR Plunges 4.5% as Bearish Momentum Takes Over

The Australian Dollar (AUD) against the Indonesian Rupiah (IDR) has experienced a significant drop of 4.5%, driven by intense technical selling. The pair has fallen below all major moving averages, including the MA-20 (Rp12,567), MA-50 (Rp12,621), and MA-200 (Rp12,384), indicating strong seller dominance across various timeframes. The current price stands at IDR 11,894.89, marking a 4.48% decline.

Momentum indicators such as MACD, ADX, CCI, and RSI are all showing negative readings, pointing to oversold conditions and downside risk. The bearish bias is further supported by the negative Bull/Bear Power and a bearish Awesome Oscillator reading, with the session holding near the day's low amid 0.77% intraday volatility. Immediate resistance is at Rp12,218, while support is at Rp11,673.

Analysts had previously noted persistent selling pressure within a broader bearish trend, and the latest breakdown confirms this outlook. The key downside risk now is a sustained move below Rp11,403 in the coming sessions. The analysis, based on a proprietary model combining technical, on-chain, and expert data, predicts an 80% probability of further decline, with the pair expected to consolidate between Rp11,403 and Rp12,460 over the next five trading days.