The 1986 OFC Women's Championship was the second OFC Women's Championship of women's association football (also known as the OFC Women's Nations Cup). It took place in Christchurch, New Zealand from 29 March to 5 April 1986. Four teams participated in the tournament, and a total of eight matches were played.
Chinese Taipei defeated Australia 4–1 in the final to win the second edition of the tournament. Defending champions New Zealand finished third, after winning to their B-side in penalty shoot-outs.
The following four teams participated in the tournament:
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Chinese Taipei
New Zealand
Papua New Guinea (withdrew) New Zealand B entered following the late withdrawal of Papua New Guinea.
Liu Yu-chu Renaye Iserief Andrea Martin Sharon Mateljan Sue Monteath Yang Hsiu-chih Hsie Hsiu-min Ma Wei-chiu Maureen Jacobson Jo Bradley (for New Zealand B)