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FxWirePro: USD/CAD downside pressure builds, key support level in focus 
• EUR/CAD eased on Monday as investors positioned ahead of Caadian inflation data that could guide expectations for the Bank of Canada policy outlook.
• Canada’s July CPI is due Tuesday, with annual inflation expected to ease to 1.8% from June’s 1.9%, while core measures likely remain above the BoC’s 2% target..
• Investors see a 68% chance that the BoC would leave interest rates unchanged at its next policy decision on September 17.
• Canadian housing starts unexpectedly climbed 4% in July from the previous month, according to national housing agency data.
• Immediate resistance is located at 1.6183(23.6%fib), any close above will push the pair towards 1.6234 (Higher BB).
• Support is seen at 1.6090 (Daily low) and break below could take the pair towards 1.6039 (38.2%fib).
Recommendation: Good to buy around 1.6100, with stop loss of 1.6000 and target price of 1.6170
