I disagree about Cable. Having broken above the 2006 low/2009 high at 1.704 I believe that is the floor for a new move up. Minor resistance at 1.744 but we should ultimately target a 27.2% extension at psychologically significant 1.80. Of course if it breaks back below 1.704 I'll change my bias to bearish. At 63, monthly RSI is well below prior multi-year highs so overbought conditions are really only with respect to short-term trading. I have similar views with regard to most USD pairs except for the Euro which is waiting for USD to either bounce from or break through support.
With regard to the Kiwi specifically, regardless of what you may think about the New Zealand economy, 3.5% is a very attractive rate which should not be easily dismissed, particularly in light of continued US dollar declines, and I see little reason to doubt the 2011 high of 0.885 will be reached after the 2013 high of 0.8675 was broken which is where I'd place support and what I'd need to see broken to turn bearish on NZD/USD.
GBP/USD monthly
Granted, the USD Index is right where we should see a reversal if a reversal is going to happen with multiple trend line and Fibonacci support in this area, but with the series of lower highs we need to see 10,550 broken to the upside to confirm a bullish US dollar. If support fails to hold at this level, the 50% of the 2011-2013 range/27.2% extension of the 2013 range 10,165/10,176 is where I'm looking. RSI is bearish and not near oversold levels, price action is a bear pennant, and this is seasonally the time for US dollar weakness, so I have no faith that support will hold and should that happen we will see money flooding into all other currencies so this is not a point where I'd want be long USD against anything without a definitive USD Index move to the upside.
USD Index weekly
With regard to the Kiwi specifically, regardless of what you may think about the New Zealand economy, 3.5% is a very attractive rate which should not be easily dismissed, particularly in light of continued US dollar declines, and I see little reason to doubt the 2011 high of 0.885 will be reached after the 2013 high of 0.8675 was broken which is where I'd place support and what I'd need to see broken to turn bearish on NZD/USD.
GBP/USD monthly
Granted, the USD Index is right where we should see a reversal if a reversal is going to happen with multiple trend line and Fibonacci support in this area, but with the series of lower highs we need to see 10,550 broken to the upside to confirm a bullish US dollar. If support fails to hold at this level, the 50% of the 2011-2013 range/27.2% extension of the 2013 range 10,165/10,176 is where I'm looking. RSI is bearish and not near oversold levels, price action is a bear pennant, and this is seasonally the time for US dollar weakness, so I have no faith that support will hold and should that happen we will see money flooding into all other currencies so this is not a point where I'd want be long USD against anything without a definitive USD Index move to the upside.
USD Index weekly
You can always make money tomorrow provided you don't lose it today.
Weekly candle looks like growing. Weekly BB still pointing up. GBP was behaving very bullish. I hope it will stop there. Good luck !
I'm going to read Psycho cybernetics now too and I have a few of your other recommendations on my input line
Always learning, perfecting and growing. Gotta love it. 