**AUD/USD Struggles to Break Higher; Market Eyes US NFP Data**

The Australian Dollar continues to face headwinds against the US Dollar, with AUD/USD trading near 0.6630 as it extends its fourth consecutive day of weakness. The pair has shed just over 0.10% during Tuesday's Asian trading session, reflecting a combination of bearish pressures that have accumulated over recent days.

**Multiple Headwinds Keep AUD/USD Under Pressure**

A confluence of negative factors is driving the AUD lower. Last Thursday's employment data from Australia came in mixed, failing to provide the currency with meaningful support. Meanwhile, disappointing economic indicators from China have reignited worries about the world's second-largest economy, dampening sentiment for risk assets. This deterioration in risk appetite, evident in softer global equity markets, has naturally weighed on the commodity-linked Australian Dollar.

**RBA's Hawkish Tone Provides a Floor**

Not all news has been negative for the AUD. Reserve Bank of Australia Governor Michele Bullock signaled last week that additional rate cuts may not be warranted, while hinting at the possibility of future rate hikes if circumstances demand. This relatively hawkish messaging from the RBA offers some protection against deeper losses in AUD/USD, creating a floor for the pair's downside.

**USD Weakness Offers Additional Support**

The US Dollar itself is struggling, with the DXY Index near its lowest level since early October. Market participants are increasingly pricing in the possibility of further interest rate cuts from the Federal Reserve, putting pressure on the Greenback. Additionally, speculation surrounding a dovish successor to Fed Chair Jerome Powell continues to weigh on USD strength, providing an offsetting boost to AUD/USD from a technical perspective.

**Consolidation Likely Ahead of NFP**

Traders are adopting a cautious stance as the market awaits this week's key economic releases, particularly the delayed US Nonfarm Payrolls report for October. The reluctance to take aggressive positions ahead of this critical data suggests that consolidation may continue in AUD/USD. Confirmation of a sustained downtrend would likely require clear follow-through selling below current levels.