# AUD/USD Price Forecast – Australian Dollar Falls Apart

> The Australian dollar broke down sharply on Thursday, falling toward the 0.67 level and testing a major support zone. The move reflects concern that coronavirus will slow China and the wider economy. The analyst expects a rebound once virus fears ease.

- Date: 2020-01-30 · published 2020-01-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55359-aud-usd-price-forecast-australian-dollar-falls-apart
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A break below key support reinforces expectations of weaker Chinese demand, which can pressure Australian commodity export prices. The currency move also affects the USD cost of Australian grain and meal exports.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/aud-usd-price-forecast-australian-164658351.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.