AUD/USD, USD/CAD, and NVIDIA in Focus as Traders Eye Key Technical Levels

The technical outlook for several key markets is in focus this midweek, with traders monitoring critical support and resistance levels. AUD/USD is hovering near the 0.6500 level, a psychological barrier that could be broken with significant implications for further price action.

The Australian dollar's sensitivity to commodity prices and China's economic outlook has been evident in recent market drivers. A break below 0.6500 could lead to further declines, while resistance at 0.6600 remains a key level to watch.

NVIDIA's stock is also consolidating after a recent rally, with the price action forming a bullish flag pattern. The key resistance level sits at $800, and a breakout could target the all-time high near $850.