Australia are in a strong position to win this test match, England did well to survive last night and will need to do the same in the morning session as Australia will be looking for some quick wickets. If Australia can get Root out early then I think Australia will only be chasing a small target for victory. I just hope the rain stays away as the weather forecast is for some light rain. Well done to Steve Smith on his 1st Ashes century as Australian captain, he deserved it as he batted well when under pressure and has put Australia in a strong position to win the match.
England needs a few good partnerships to get back the confidence in this innings because they lost two wickets quickly. Since a lot of time left they shouldn't hurry and play slowly without losing wickets this morning session then they can build good total otherwise as you said Australia may win this match. England nicely came back in the first innings for restricting Australian batsman but now they need a good total win this game.