Three Key Charts To Watch for Indonesia Right Now

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Three Key Charts To Watch for Indonesia Right NowIDX Composite IndexIDX_DLY:COMPOSITEmmdchartsThe market appears to be at a significant decision point, reacting to the recent cabinet changes (especially Minister of Finance). The price action across these three key charts suggests investors are cautious. IDX Composite (JCI): The index has pulled back from its recent highs and is now testing a critical support level around 7,448. While the longer-term trend remains bullish, a break below this support would increase the probability of a bearish reversal, signaling growing investor concern. USD/IDR: The currency pair is pushing against a well-defined resistance at approximately 16,455. The price has been consolidating below this level for months. A decisive breakout above this ceiling would confirm Rupiah weakness and suggest a higher likelihood of capital outflows. Indonesia 10Y Bond Yield: After a period of decline, yields are now trending upward. A move above the resistance near 6.616% would indicate that investors are selling government bonds. This is a classic sign of increasing risk aversion in the market. In short, a breakdown of support in the JCI, combined with breakouts in the USD/IDR and bond yields, would confirm a broad-based negative sentiment from investors.