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Yes there is. The USD/CAD. If you invert it you will see that it has a 80% correlation to the AUD/USD
What is overvalue to you may be undervalued to others. Should the AUD/USD barrel through 1.10 and hit a high of $1.25, would you have said that it was overvalued at 107? In September 2010 when the AUD/USD was trading.99 to 1.00 it was "overvalued" ...
Here is why AUD/USD will hit 1.15 in the next month or so and possibly 9025341.25