Indonesia's Finance Minister has confirmed record-high foreign exchange reserves and stable growth expectations, supporting the rupiah outlook.
The recent modest move in the Australian Dollar vs Indonesian Rupiah (AUD/IDR) pair has coincided with increased demand for IDR in currency markets.
AUD/IDR trades below key moving averages with bearish technical signals, targeting a 12,625 to 12,752 range over 2 to 3 days.
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