Beware: Dollar’s Technical Condition is Stretched, Look Out for Reversals

On a number of currency pairs, the dollar’s technical condition warns of risk of a near-term setback. US 10-year yields and Treasuries are also stretched and a near-term reversal is possible. Interesting play given these conditions may be to buy into losses in Aussie that could result from the reopening of Chinese markets after the week holiday.

Read MoreBeware: Dollar’s Technical Condition is Stretched, Look Out for Reversals