Australia 200: Uptrend Pressing Into Prior Supply Near 9,119Australia 200 CFDFOREXCOM:AUS200FOREXcomThe ASX 200 has worked its way back into the 9,100–9,119 area, which stands out as a prior swing-high / horizontal resistance. The latest candles show momentum holding up into that zone, but the market is also starting to print smaller bodies near the ceiling, which often reflects supply absorption or early hesitation when a level is being tested repeatedly. From a structure perspective, the rally off the December low has maintained a sequence of higher highs and higher lows, and the drawn rising trendline continues to act as a clean “higher-low guide.” As long as price respects that trendline, the broader bias remains constructively bullish, even if short-term volatility increases near resistance. On the trend side, the moving averages are supportive: SMA(50) ~ 8,835 is rising and sits well below price, acting as a dynamic support area on pullbacks. SMA(200) ~ 8,660 remains underneath both price and the 50, reinforcing a positive longer-term trend backdrop. Momentum indicators also lean constructive: RSI (14) ~ 62.6 is holding above the midline (50), suggesting buyers still have control, without being extreme. MACD is above the zero line and appears to be grinding higher, consistent with trend continuation behavior rather than a fading move. Key areas to keep mapped: 9,119 as the immediate decision point (break-and-hold vs. rejection behavior). 9,000 as a psychological round level that may act as a first reaction zone if price pulls back. The confluence region around 8,835 (SMA50) and the rising trendline as a deeper “trend integrity” area. Overall, the chart reads bullish with resistance overhead—a context where follow-through strength above the range would be notable, while rejection from 9,119 would keep this as a rotation zone rather than a clean continuation. -MW