Another good link for looking into correlations is Oanda's FXCorrelations.
Originally Posted by Hunting4pips
Also is it possible to use the correlations to your advantage? For example, if the USD/CHF moves faster in one direction, can you put an order in the opposite direction for the EUR/USD?
Using a regular forex broker you will have no real chance of taking advantage of any movements in pairs at the tick level. You need to be able to react to the ticks as they happen. It might allow you to better guage the momentum or activity in the correlated pairs, but arbitrage traders will have eliminated any potential for you to profit from small pip moves.