Possible H&S forming on the Kiwi, with the Right shoulder coming in around the previously mentioned levels of 7250. Hmmm, I personally don't trust H&S too much. Think best idea is to have a 70 pip trailing stop entry, in case this thing just keeps going topside.
Given its a big data week for USD, (with early talk of a widening deficit again - no surprise there I guess), might pay to play it as suggested.
Read somewhere the USD index had a bearish engulfing candle late last week, and certainly todays early moves suggest that USD might correct lower still
regards
Xerof