in a large bowl, combine sweetened condensed milk and water, stir until well blended. add pudding mix and beat with electric beater on low speed for 1 minute. stir in whipped topping until well blended.
place half cake cubes in a 3 quart trifle dish or large glass serving dish. drizzle half of orange juice over cake. cover with half pudding mixture, then top with half of the strawberries and kiwis.
repeat layers, cover, and chill at least 2 hours, or until ready to serve.