We report here on an investigation of high frequency oscillations in active regions, carried out using high cadence observations of Ov 629 Å, Mg IX 368 Å and Fe XVI 335 Å with the Coronal Diagnostic Spectrometer (CDS) on SOHO. Using the techniques of wavelet analysis on various temporal series datasets, we find that certain oscillation frequencies are favoured for each line. We find furthermore that a ∼5 min oscillation signature is commonly present in all lines, suggesting a coupling of the photospheric driver with the transition region and coronal loop modes. We report on the tendency for higher frequency oscillations to be present at lower intensity values, suggesting that higher frequency oscillations occur in interloop regions or at loop boundaries, possibly as a result of some resonant absorption process. In addition, we find that the coronal lines of Fe XVI and Mg IX show more significant oscillations in the velocity than in the intensity, which suggests that in the velocity we measure additional non-compressive wave modes not visible in the intensity. As this effect is not seen in the transition region line of O V it would seem that these additional non-compressive modes are produced in and limited to the corona. We suggest that there are two main mechanisms responsible for the observed oscillations; either resonant Alfvén and/or fast kink waves or propagating slow magnetoacoustic waves, both present in coronal loops.