The USA missed out on qualification after losing 2-1 to Trinidad and Tobago, with Panama qualifying directly in third position after 88th minute goal in a 2-1 win against Costa Rica.
That same Panama goal also allowed Honduras, who defeated Mexico 3-2, to move into the fourth position - which means they will now face the Socceroos over two legs on November 6 and 14.
Earlier, Australia needed extra time to defeat Syria 3-2 on aggregate leaving them waiting a little over 12 hours to find out their CONCACAF opponent