• AUD/USD fell below the 10-DMA overnight, hit 0.64515, buyers emerged

• Pair traded 0.64805 in Europe's morning, NY opened near 0.6475, up +0.22%

• USD/CNH's bounce off its low, firmer UST 2-year yield helped limit gains

• Copper and iron-ore gains helped to limit AUD/USD's downside

• Rising RSIs, hold above 10-, 21- & 200-DMAs gives AUD/USD bulls confidence

• US May ADP and ISM non-manufacturing reports are data risks in NY

• Release of Fed's Beige Book in NY's afternoon may impact risk sentiment
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)