Izatha psychra is a species of moth of the family Oecophoridae. It is endemic to New Zealand. It is classified as Nationally Endangered by the Department of Conservation. In 2020 it was feared that this moth was extinct as a result of a fire at the Pukaki Scientific Reserve, the last known locality of this species. However a 2021 survey found I. psychra present in the small portion of the reserve that was not damaged by the fire. This species is also present at the Oteake Conservation Park.

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