USOUSD 20 Jun 2024 On the daily timeframe, USOUSD is showing a trend reversal after previously experiencing a significant bullish trend. The commodity’s attempt to rally through the kumo failed, and now looks set to resume its bearish trend. This trend reversal is reinforced by the stochastic indicator showing overbought saturation, signaling further downside potential. Traders should watch the next support level to identify further potential reversal points, as well as monitor other technical indicators for additional confirmation on the direction of future price movements.
