While Australia faces the same "group of death" proposition as the Socceroos did in Brazil, coach Alen Stajcic believes his side can overcome the odds to triumph in Canada.
"100 per cent we can win," he told AAP.
"We've put in an extraordinary amount of effort over the last 12 months.
"Really positive work on and off the field to try and make this team as good as we can be.
"Everyone's bought in and that's where the belief comes from."
If the Matildas are to triumph, their first test could well be the toughest.
On Tuesday morning (AEST), Australia faces tournament favourite United States, which packs both on and off-field strength.
The World Cup might as well be in America, such is the show of support for the stars and stripes.
The match has been sold out for several weeks despite it taking place in remote Winnipeg.
The Americans also bring an unmatched tournament pedigree to Canada, having never finished outside the top three at a Women's World Cup.
It's a daunting task for the Matildas, which also face European heavyweight Sweden and African champion Nigeria in Group D.
Japan will arrive in Canada as reigning champion and third favourite, facing Switzerland, Cameroon and Ecuador in the softest of six groups.
With an astonishing six straight European championships under its belt, world No.1 Germany is the second favourite.
Brazil too cannot be discounted with Marta, the undisputed queen of women's football, leading its attack at a fourth World Cup.
Stajcic believes the tournament is wide open, with the world No.10 ranked Matildas in with a chance.
"The gap between No.1 and No.15 in the world has decreased dramatically over the last couple of years and that puts us in ballpark to be a contender," he said.
"We played China last week and they're very competitive, we played New Zealand and they were too.
"Anyone that can get some momentum and confidence and build throughout the tournament can certainly go on and win the World Cup.
"Anyone in the top 15 countries can win it."
With 18 Matildas backing up from their 2014 Asian Cup campaign when they finished runners-up, Stajcic's side will benefit from continuity and further experience.
It's in attack where Australia is strongest, with co-captain Lisa De Vanna, Caitlin Foord, Sam Kerr and Kyah Simon all strong options to support likely key striker Michelle Heyman.
At just 1.43 metres tall, Asian player of the year Katrina "Mini" Gorry won't be a target for headers but she will be influential in midfield, alongside Emily Van Egmond, Elise Kellond-Knight or Teresa Polias.
Steph Catley will power the Matildas from the back, where co-captain Clare Polkinghorne will marshall the defender.
In goal, Lydia Williams will wear No.1, ably supported by veteran Melissa Hudson (nee Barbieri) at her fourth World Cup.
According to anyone in the Matildas camp, it's the best squad Australia has assembled for a World Cup, supported by the best ever preparation.
A seven-week tour of Europe allowed the team crucial bonding time, as well as plenty of positive results.
Stajcic hopes it all means that come kick-off, the Matildas will be doing their bit to get the suits from Zurich off the football agenda.
Canada hosts China on Sunday morning (AEST) in the tournament opener.
