Do different time-frames from different pairs correlate?

Strange question.....I know websites that can compare the same time-frames...but I'm thinking of adding the NZD/USD 30 min timeframe into my trading portfolio alongside my main pair on the 15 min which is the GBP/USD.

Does the GBP/USD 15 min correlate with the NZD/USD 30 min? Is it even possible on any pair?

Noob question I know so apologies in advance!

Cheers guys!

Different timeframs are just different "zoom" levels of the same data, so yes, they do correlate if the same timeframes correlate.

The simple answer to your question is that sometimes currencies show positive correlation; sometimes they don't. There's a good thread on money flows that explains some of the reasons.

Now, that's one heck of a thread [link] and on the diff time frames, they are just a snap of the same movement but over a varied timeframe, Min to H1..