Is there correlation between two economies?

The line graph is EUR/USD & Candles USD/CHF
This is a common pair that traders say is inversely correlated...
Is there correlation between economies? Is it because of USD's part?
Will correlation make you the good R/R trades or structure?
Is there a way to trade the correlation (if any) effectively?

Draw your own conclusions & have a good weekend!
chfcorrelationelliottwavecorrectionEUREURUSDforecastUSDUSDCHF

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