NZD/IDR Selloff Continues Amid Bearish Technical Indicators

The New Zealand Dollar (NZD) is facing significant selling pressure against the Indonesian Rupiah (IDR), with the pair currently trading below its key moving averages. At a price of Rp10,524, the NZD/IDR exchange rate has declined by 0.65% over the session.

The technical indicators are bearish, with momentum and oscillator signals pointing to intraday weakness. The Ichimoku Kijun sits at Rp10,566, marking immediate resistance, while the MACD and Awesome Oscillator issue sell signals. The ADX holds neutral, but RSI, Stoch RSI, CCI, and Bull/Bear Power all indicate oversold conditions.

Based on a proprietary model combining technical, on-chain, and expert data, there is a 75% probability of further decline over the next 2 to 3 days. The price range for this period is projected to be between Rp10,471 and Rp10,577. A break above Rp10,566 could trigger a short-term recovery scenario, while a fall below Rp10,471 would likely extend the current selloff.