Does Nginx automatically cache subfolders ?

Hello

I use Nginx as an http cache in front of my Cloudera manager server and basically it works well.
However, one thing is not clear to me. When I specify a location to cache (which is actually a path), does it also automatically cache all subfolders ?
For example, if I specify /api/v16/clusters will it also cache /api/v16/clusters/cluster1/services ?

Because I think I see many misses in the access log for subfolders of paths I explicitly cache.

Thank you

Guy