Consider buying at the lower boundary of the 106.4–107.5 range, with a strict stop loss triggered by a 30-point breakout. Target the upper boundary of the range. The USD Index tested 106.719 before closing higher. While support near 106.75 remains intact, there is potential for a rebound. However, the upside may be capped at 108. As market speculation about Fed rate cuts intensifies, the index could retreat to 106 from either the current level or after testing 108. A confirmed rate cut could lead to further declines.