Even though the USD/CAD put the weekly R2 to the test, the 1.3950 mark provided sufficient resistance and prevented the Buck from edging higher.
The Australian Dollar dropped as low as 0.7156 against its US counterpart yesterday, but with the exchange rate stabilising at 0.7190 by the end of the day.
The European currency decline a lot more than anticipated, as it reached the third support level at 128.65 yesterday.
Risk-averse sentiment among market participants made the precious metal increasingly buoyant on Monday.
The Greenback retreated from intraday losses on Monday, after having slumped nearly 150 pips.
Cable's volatility yesterday was limited by the immediate support and resistance, while the GBP/USD ended the day relatively unchanged with a slight move to the downside.
EUR/USD posted minor losses during the first trading day of 2016, even though daily highs and lows ranged from 1.0950 to 1.0780.
After reaching the highest level in ten weeks, the New Zealand Dollar began losing ground last week.
The Greenback remained relatively unchanged through all of the previous week, but managed to outperform the Canadian currency early today.
The AUD/USD ended the year consolidating around the 0.7290 level, while the new year began with a the Australian currency suffering a sharp decline.
The EUR/JPY pair's losses exceeded expectations last week, as the target support cluster failed to hold the cross afloat.
Gold prices have been rising in the morning on January 4, the first working day after a long holiday.
Last week the USD/JPY currency pair retested the 120.00 major level and closed slightly higher—at 120.23.
On the last day on 2015 the Cable suffered a rather serious 80-pip decline, with the immediate support failing to hold those losses.
Last trading day of 2015 was bearish for the EUR/USD currency pair when it tumbled below the 1.09 mark to settle near 1.0855.
Gold traded downwards on Wednesday, as declining commodities across the board failed to keep the yellow metal any near the green territory.
The USD/JPY managed to appreciate for the third day in a row yesterday, with the weekly PP preventing the pair from further gains.
Due to poor US fundamental results on Wednesday, the GBP/USD currency pair recovered from intraday lows and ended the day relatively flat.
Disappointing fundamental reports from both Europe and US resulted in no change for the EUR/USD currency pair on Wednesday.
As was anticipated, the New Zealand Dollar outperformed the Greenback and tested the second resistance area around 0.6875.
A surge in oil prices boosted the Loonie on Tuesday, causing the USD/CAD to almost completely erase Monday's gains.
On Tuesday, the Australian Dollar appreciated against its US counterpart, but with gains failing to exceed the 0.73 major level, rather than the anticipated 0.7310.
The EUR/JPY cross experienced more weakness on Tuesday, edging closer to the weekly S1 at 131.28. Nevertheless, technical indicators are giving bearish signals again today, increasing the possibility of the Euro to prolong the decline.
The yellow metal saw completely no movement in either direction on Tuesday of this week, given that traders took a pause in the run up to New Year holidays.