USD/CAD surrenders intraday gains, back below 1.3600 post-Canadian/US jobs data

• USD/CAD meets with some intraday selling in reaction to the stellar Canadian jobs report.
• The mixed US NFP data fails to impress the USD bulls or provide any meaningful impetus.
• The price-action warrants caution for bullish traders and positioning for additional gains.

The USD/CAD pair surrenders a major part of its intraday gains and retreats below the 1.2600 mark during the early North American session.

The Canadian Dollar gets a strong boost in reaction to the upbeat domestic employment details, which, in turn, prompts some selling around the USD/CAD pair. Statistics Canada reported that the economy added 104K new jobs in December, beating estimates for a reading of 8K by a huge margin. Adding to this, the unemployment rate unexpectedly ticked down to 5.0% during the reported month from 5.1% recorded in November.