Yes, once you log a find, it will ask you if you want to navigate to the next closest one.
It doesn't let you specify the next closest one in a particular direction, though.
The other thing to consider is that if you load a bunch of Geocaches on your GPS, you can go into map view and see them, anyway. Just click on the one you want to go to next and navigate to it.
GeoBC
Great, thanks for the education. I'm looking forward to getting back out there.