Having already beaten England in the league game, Australia do have an upper hand.
England will draw inspiration from their recently found momentum.
With a rich rivalry between the sides, let us have a look at their top ODI clashes to date.
The first clash that would come to anyone's mind is the 1987 World Cup final.
Batting first, Australia posted a total of 253/5, courtesy David Boon's 75, while a cameo by Mike Veletta (31-ball 45) helped them a lot.
In reply, Steve Waugh and Allan Border's two wickets each, coupled with tight bowling, pushed England onto the backfoot, as Aussies won by 7 runs.
England managed to tame the Aussies, away from home, in a clinical fashion during 2006-07 tri-nation series.
Having come off a commanding win in the first final, England posted an average total of 246/8 in Sydney.
However, rain made things easier for England, as the target was revised to 187 from 27.
Liam Plunkett picked three crucial wickets as England won the series.
This one is always talked about.
England had posted a total of 300/8, courtesy Eoin Morgan's 106.
In reply, Australia were struggling at 244/9, when all-rounder James Faulkner played a blistering innings of 69.
He changed the entire complexion of the game in the final three, as they managed to win by a wicket, with three balls to spare.
It was in 2004 when Australia were playing their first major tournament since their 2003 World Cup win.
As they came across hosts England in the semis, the latter utilized the conditions to the fullest.
Courtesy of Damien Martyn's 65, Australia posted a total of 259/9.
However, Marcus Trescothick, Michael Vaughan and Andrew Strauss made a mockery of the bowling.
It was last year when England came up with a world record total of 481/6, courtesy Jonny Bairstow (139) and Alex Hales (147).
Australia, naturally, succumbed to the pressure and were bundled for 239, as Adil Rashid 4/47 proved to be extremely lethal.
No Australian batsman could score even a fifty.
Notably, England whitewashed Australia in the five-match series.
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