GBPAUD Long Term Bearish Opportunity

The August high at 2.5638 pierced a trendline drawn off of the September 2001 and August 2002 highs and the monthly shows the break of an 18 year trendline. This evidence favors the downside longer term. It appears as though the GBPAUD may be ready to fall off of a cliff, eventually working towards 2.0000. Near term resistance is at 2.3450.