USD/KZTU.S. DOLLAR / KAZAKHSTANI TENGEFX_IDC:USDKZTTJ-001In April, the USD/KZT pair headed downward again, reaching multi-year lows (around 455 tenge). Formally, the trend remains bearish, and it is possible that the dollar will test the 440 KZT level. Nevertheless, given the strong technical oversold condition, we do not rule out that a reversal to the upside could occur at any moment. Long-term trend: Down Resistance level: 485 Support level: 440