🚨 High-impact news 🚨

In 1 hour, at 13:45 UTC, the 🇨🇦 Bank of Canada will announce its interest rate decision and release its Monetary Policy Report and monetary policy statement. The report includes the Bank’s base-case projection for inflation and growth in the Canadian economy, as well as its assessment of risks. Traders may be watching for signals on inflation, the economic outlook and the future policy path, as these releases can influence CAD volatility.

The BoC press conference will follow at 14:30 UTC. Are you planning to trade the CAD reaction right after the release, wait for the press conference or stay out until volatility settles?

Price makes lower lows - but your indicator doesn't.

That contradiction is known as a bullish divergence and can signal that bearish momentum is weakening.

When both RSI and MACD show the same divergence, many traders consider it a stronger technical signal than using either indicator on its own.

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BoC held rates at 2.25%. How did CAD react?

Market reaction:
🇨🇦 CAD strengthened slightly against USD
📉 USD/CAD moved lower after the decision
📊 Market reaction was muted, as the hold was widely expected
⚠️ Traders focused on growth recovery, inflation risks and the press conference tone

Key points:
📊 Policy rate held at 2.25%
📊 Bank Rate held at 2.50%
📊 Deposit rate held at 2.20%
📊 BoC said Canada’s economy is showing signs of improvement
📊 Inflation is expected to ease gradually from its recent spike

The Bank of Canada kept rates unchanged for the sixth consecutive decision. The central bank noted that growth is picking up, but also pointed to risks from global uncertainty, Middle East tensions and US trade policy. USD/CAD dipped after the decision, while other sources described the CAD reaction as muted because the hold was largely expected.

Did the BoC decision match your expectations? Did you trade the CAD reaction live, wait for the press conference or sit this one out? 👇

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Not every divergence signals a reversal.

Hidden divergence appears during an existing trend and is often used to identify potential trend continuation.

When combined with the RSI crossing the 50 level, it can add another layer of confirmation to your market analysis.

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Economic Calendar: High Impact Events
2026-07-20 — 2026-07-26

Monday 20 Jul
12:30 UTC · 🇨🇦 Canada · CPI m/m
12:30 UTC · 🇨🇦 Canada · Median CPI y/y
12:30 UTC · 🇨🇦 Canada · Trimmed CPI y/y
22:45 UTC · 🇳🇿 New Zealand · CPI q/q

Tuesday 21 Jul
06:00 UTC · 🇬🇧 United Kingdom · Claimant Count Change

Wednesday 22 Jul
06:00 UTC · 🇬🇧 United Kingdom · CPI y/y

Thursday 23 Jul
01:30 UTC · 🇦🇺 Australia · Employment Change
01:30 UTC · 🇦🇺 Australia · Unemployment Rate
12:15 UTC · 🇪🇺 Euro Area · Main Refinancing Rate
12:15 UTC · 🇪🇺 Euro Area · Monetary Policy Statement
12:45 UTC · 🇪🇺 Euro Area · ECB Press Conference

Times are shown in UTC.

Support and resistance isn't about drawing perfect lines - it's about understanding where buyers and sellers are taking control.

Learn how to identify reliable support and resistance zones, distinguish false breakouts from genuine ones, and use Tick Volume to strengthen your market analysis in cTrader.

📺 Watch the full tutorial: https://youtu.be/vepRnfK3xk4

One of the biggest mistakes traders make is treating support and resistance as precise price levels.

In reality, they're usually zones where buying and selling pressure meets. Using rectangles or wider horizontal levels can give a more realistic view of how price reacts.

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