By the time it was above .7180/00, momentum (in daily studies) was slightly positive – the NZD recovery from .7050 reaching levels above monthly opening price (.7155) to as high as .7300. This wasn't aussie's case, since AUD recovery initiated around .9020 (corresponding to the mentioned .7050 in NZDUSD) has failed to extend above levels which could confirm a switch in daily momentum from bearish to bullish (break above .9200 didn't occur – hence downside bias remained intact). So, although AUDUSD is indeed highly correlated to NZDUSD, the NZDUSD was not so affected by dollar's strength. My momentum oscillators are currently in a slightly bearish – neutral config in NZDUSD – as it fails to recover and confirm the support region of .7180/00 but also fails (so far) to fully breach lower, to confirm downtrend resumption. NZD was dragged lower in overnight trading by the AUD – no doubt about that, else it could have a good chance to bounce off .7200.
If the dollar continues to rally, NZD will most likely retreat – but as stated earlier : the losses could be smaller comparing to other pairs (i.e. EURUSD, AUDUSD etc).

I wish you Happy Holidays too! thanks

merry xmas and happy new year btw