FXStreet (Guatemala) - The Fed hiked rates by 25bps and the statement was expected to be dovish by much of the market and we are seeing an approximate 50 pip range. AUD/USD went from 0.7220 ahead of the release having pulled up to meet the 100 SMA on the hourly sticks at 0.7222 in a minor recovery from yesterday's slide from the 200 SMA's resistance down to test the 0.7200 level that gave way to 0.7160. The USD index was negative leading into the meeting while Gold rallied $6 and met supply at 1,078. This high was left for dust in the release and scored a low back down to $1,061.52. The Aussie followed in a similar fashion and the knee jerk took the major commodity currency down as far as 0.7176 and recovered back to 0.7200 in the same 10 mins stick. FOMC vote unanimous The vote was unanimous while the statement said that policy remains accommodative in respect of the jobs sector, and they forecast that the market conditions will warrant only gradual rate-hikes in 2016. Other aspects to note were that the discount rate rose to 1%, and the dot plot offered for the Fed Funds rate averaging as 1.375% in 2016 still. For Further out, the 2017 average is down from 2.625% to 2.375% while the 2018 average is down to 3.25% from 3.375% while further out remaining at 3.5%. AUD/USD better offered Technically, AUD/USD in pressured to the downside in a safe bet as the market follows the greenback lead on the knee jerk below the 100 SMA on the 1hr chart and through the 4hr 200 SMA at 0.7197 and the 55 DMA at 0.7198. A break below here will leave the downside exposed all the way to the 3 month uptrend at 0.7081 and only above, first, 0.7333 and 0.7381/85, the October high and the 38.2% retracement and the 0.7443 200 day ma will allow for further bullish trends to evolve. For now, better offered. For more information, read our latest forex news.