The US currency's behaviour fell in line with expectations, with the USD/CAD closing trade several pips in front of the second resistance target.
The Aussie declined against its US counterpart on Monday, with trade closing slightly below the immediate support.
On Monday the single currency edged higher against the Yen, with upside volatility putting the immediate resistance cluster to the test.
In the Asian session on Thursday the precious metal has booked some noticeable gains, as the price is located above the January downtrend at 1,113.
The US Dollar declined against the Japanese Yen on Monday, with price moving slightly outside the lower boundary, amid the return of risk aversion.
After having retested the down-trend, the GBP/USD currency pair bounced back and closed trade with a 22-pip loss on Monday.
Monday trading session saw inflow of funds into the Euro, as risk-aversion reversed EUR/USD back to the North.
As was anticipated, the Kiwi weakened against the US Dollar at the end of last week, with trade closing near the target support.
Improvements in Canadian Retail Sales last Friday outweighed the negative CPI figures, allowing the USD/CAD to fall down to 1.4115.
Rather than experiencing a sell-off, the AUD/USD currency pair remained relatively unchanged on Friday, adding only two pips.
Even though the European currency failed at reaching the immediate resistance on Friday, the EUR/JPY pair still ended the day with a 21-pip rally.
Our short-term views with respect to the bullion are broadly unchanged.
The Greenback overperformed at the end of the previous week, as the target resistance in face of the 20-day SMA was overcome.
Last Friday the Cable retested the down-trend, but ended the day with a weaker rally of 47 pips, due to a disappointment in UK Retail Sales data.
Bears approached the market on Friday, following earlier ECB comments about possible policy changes in March.
The Canadian Loonie outperformed its US counterpart on Thursday, amid an increase in oil prices.
The Australian currency overperformed yesterday, as it breached the second resistance area; however, still failed to maintain trade above the 0.70 mark.
The New Zealand Dollar exceeded expectations yesterday, rising well above the target level.
The EUR/JPY cross failed to meet expectations on Thursday, as the pair retested the support line, but rebound on speculation that the BoJ is to announce more easing on next week's meeting.
Near-term outlook for gold is moderately bearish.
The US Dollar unexpectedly outperformed the Japanese Yen on Thursday, amid rumours of the BoJ applying more monetary stimulus.
The Cable managed to climb 31 pips higher yesterday, despite having dropped to the lowest in six years earlier that day.
EUR/USD attempted to violate the 1.08 support zone yesterday after soft comments made by the ECB President Draghi.
In spite of the Kiwi falling to a new four-month low against the Greenback yesterday, a strong reading of the manufacturing index caused the pair to close with a 20-pip rally.