Just my personal opinion, but I'm less bothered than most whether we beat France or Australia. At least in terms of golds. I'd prefer it if we can beat them in total number of medals.
Both have some in-built advantages here compared to us, in my opinion. France obviously have the home crowds and host quotas. Australia don't have the crowds, but do have some advantage through the global qualification setup.
I'm more interested if we beat/match our own medal totals and top 8s from the last 3 games. If we do that, we will continue to be in rude health as an Olympic nation for me.