Sure is, did you try?
Right click a series that you want on the secondary axis, choose Format
Series, and on the Axis tab (Excel 2003 and earlier) or the Series
Options tab (2007) select the Secondary Axis option.
To change the chart type, right click on the series, choose (Change)
Chart Type, and select the type you want.
Of course, the pivot chart is likely to lose this formatting when it is
refreshed, Which even Microsoft admits is a problem. They suggest
recording a macro next time you fix up the chart, then run the macro as
needed.
- Jon