GBPAUD has been on an absolute decline and there has been no signs of stopping. We have broken below 1.6200 and there are still no signs of bullish movement. My next point of interest is at 1.4750 where I would like to see some signs of bulls fighting back. Until then I am happy to sit on the sidelines with this pair.
Also keep in mind the potential for a big reversal as this pair has just been hammered down more and more.