September US dollar index:
1. In Monday’s Williams edge live meeting it was noted that the US dollar (which was then trading at approx. $80.31) could be shorted for a multi-day decline to $80.06. No daily close above $80.34 was expected while the decline was underway.
2. Today’s (Wed., July 9) session completed the $80.06 downside target (session low, $80.065, so far).
3. Traders who took advantage of this decline should have exited the majority of any remaining short position at/near $80.06. Aggressive can continue to hold for the possibility of lower prices.