USD Index Outlook: Key Levels and Strategy Recent Price Action The USD Index surged to a high of 108.26 after the Fed indicated that future rate cuts would slow due to a stable labor market and inflation. Key Level to Watch The price action around 108 is crucial. A sustained stay above 108 supports a continued bullish outlook. If it fails to hold, a pullback to 107 or even lower may occur, limiting further upside potential. Sell Opportunity (108.8–107.2) Consider selling near the upper end of the 108.8–107.2 range, with a 30-point stop loss and a target at the lower end of the range. Strategy For now, observe the price reaction near 108 before making further decisions.