AUD/USD Drifts lower

AUD/USD, is trading higher Tuesday. Last check was 0.7809 up 0.0053. Trading has softened. Gold and Silver prices are sharply lower Silver is down 5 % and has led some traders to begin offering the pair more aggressively. Market chatter that Chinese markets are closing for the New Year holiday starting Wednesday, February 18 and are closed until Wednesday, February 25 is making the rounds. China is a large trading partner for Australia and wider ranges and choppy trading is expected.