• AUD/USD inches higher as risk sentiment attempts a tepid recovery in Asia

• Rise capped by sales vs Kiwi on diverging central bank rate expectations

• New Zealand's central bank warns inflation could become persistent

• Higher oil costs could lift inflation expectations- RBNZ Chief Economist

• 2-year AU-NZ swap spread drops to around +80bps from near +107bps a week ago

• AUD/NZD down 0.5% to a more than 3-month, next support 1.1932 Mar 30 low

• Decline targets 1.1820, the 200-day MA; resistance 1.2030, 1.2060

• AUD /NZD range 1.1973-1.2027; AUD support 0.6900-05, resistance 0.6945-50
AUD/NZD:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)