Aaron Finch insisted he was proud of his team’s progress over the last 12 months despite their defeat against England in the World Cup semi-final.
Finch's side were knocked out of the tournament as England powered their way to a convincing eight-wicket win.
Australia were knocked over for just 223 after opting to bat first and England chased down that total in 32.1 overs.
Finch, who was pinned in front of the stumps by Archer, conceded it was Australia's worst performance of the World Cup.
But the skipper was proud of the way Australia were still in a much better place now than last year, when they were defeated 5-0 by England last year.
"Really proud of where we have come from and the gains that a lot of players have made over the last 12 months in particular," Finch told reporters.
"But at the same time we came here today to win a semi-final and get ourselves into a position to win another World Cup.
"So that was really disappointing how it ended, especially to put up probably one of our worst performances overall for the tournament."
Smith's gritty 85 lifted Australia past 200 after they lost their three batters were sent back to the pavilion with only 14 runs on the board.
But Finch admitted the turning point was the first hour of play where they lost early wickets.
"Definitely in the first 10 overs of the game," Finch said when asked about the turning point in the game.
"The damage was really done with the ball. That sets you back. That forced us to rebuild for such a long time and start to drag some momentum back.
"And then you lose a couple of quick wickets again, new batters starting, it is always tough against really good leg-spin and good quicks as well."
While chasing 224, opening batters Jason Roy (85 off 65) and Jonny Bairstow took the game away from Australia in no time.
"They played exceptionally well. We know how dominant they are when they get on top. You've got a very good cricket team in England," said Finch, who predicted a ‘hell of a game’ between the tournament hosts and New Zealand at Lord’s on Sunday.